Mortgages

Buy Your Dream Home

Buying a home is the biggest financial decision you will ever make. For most people, it requires getting a mortgage.

With expert financial advice and the right type of mortgage, Healthcare and Municipal Employees' Credit Union will turn your homeownership dream into a reality. Apply for your mortgage pre-approval today!

Have you been searching for a new mortgage company? Look no further than HMECU. With competitive rates and flexible terms, we are confident you will find what you are looking for at Healthcare and Municipal Employees' Credit Union. Switch your mortgage to HMECU today - it's easy and hassle-free!

Types of Mortgages

Fixed Rate Mortgage

For peace of mind - your rate will not change while the markets fluctuate up and down.

Variable Rate Mortgage

A wise choice when interest rates are below the standard mortgage rates.

Construction Mortgage

Building your new home? HMECU will take care of your financing.

Investor Mortgage for Rental Properties

A rental property can be an effective way to generate additional income for now and the future. Contact us to discuss your options; we'd be happy to help!

Features

Knowledgeable, Friendly Staff

We will discuss all costs associated with purchasing a home. Some costs you may not have thought about including closing costs and lawyer's fees.

Free Financial Planning

Meet with one of our commission-free, salaried Financial Planners. Receive free budgeting advice to get your started on your journey to buying your new home. Our Financial Planners will also help you utilize the latest government first time home buyers' incentives.

Get Pre-Approved

Find out how much you can afford to spend when buying a house, as well as receive a 100 day Best Rate Guarantee.

Best Rate Guarantee

During the pre-approval, you will be quoted a Best Rate interest rate. If interest rates climb while you are looking for your new home, we will honour the rate that you were given during your pre-approval.

On the other hand, if interest rates go down while you are looking for your new home, we will honour the new, lower rate.

Your Choice of Payment Schedule

Weekly, bi-weekly, semi-monthly, monthly or accelerated payments - whatever works best for you!

Skip a Payment

You'll have the option to defer a payment once a year if the need arises.

Insurance

Ask our helpful staff about your insurance choices to help protect you and your investment.

Payment Options

Are you interested in paying off your mortgage faster than your amortization period?

  • Prepay up to 10% of the original principal
  • Double up your payments at any time
  • Increase your payments by 25% without penalty

That's right, all three options are available to help you pay down your mortgage quicker.