There are benefits to switching your mortgage to Cornerstone Credit Union, and it shouldn't cost you to do so. If you're in the market for a new mortgage, we can make transferring to Cornerstone simple and straightforward and save you your hard-earned dollars in the process. Contact us today to discuss how you can take advantage of our Mortgage Switch Program and get up to $1,750 on us to cover your switch fees!
Discharge fees from current Financial Institution* (if applicable)
Processing and application fees (if applicable)
Legal fees (if applicable)
*Fees for early prepayment from your current Financial Institution are not covered
Eligibility:
Our Mortgage Switch Program is available on the transfer of an existing mortgage from another financial institution to Cornerstone Credit Union. It is not available for any amendment to an existing mortgage, advance of additional funds, or a renewal.
This offer applies to owner-occupied consumer residential mortgages only; primary residence, residential acreage, residential revenue property, vacation home, and home-quarter land. This offer is not available on construction-draw mortgages.
This offer is limited to properties located in Saskatchewan.
Early prepayment charges from current Financial Institution are not eligible for fee coverage.
Some conditions apply:
Mortgages must have a principal amount of $100,000 or more. The mortgage principal amount determines the fee coverage level:
$100,000 to $199,999.99: Up to $1,250 in switch fees
$200,000 or greater: Up to $1,750 in switch fees
Offer is subject to approved credit and payable upon funding.
Offer is valid for closed fixed rate mortgage or a closed variable rate mortgage, with a 3-year term or greater. If the transferred-in mortgage term is broken prior to the required 3-year period described above, mortgage switch/transfer-in fees that Cornerstone Credit Union reimbursed for that mortgage must be repaid by the mortgage holder and shall be paid within thirty (30) days of the mortgage payout. An exception would be made for the member if they are breaking a term to pursue another mortgage with Cornerstone Credit Union.
Preauthorized mortgage payment must come from a Cornerstone Credit Union chequing account.
Other terms and conditions may apply.
*This program can be amended or withdrawn at any time without notice.
Call 1.855.875.2255 today to get started! Our advisors are waiting to discuss your specific mortgage needs and can help you get switched to Cornerstone Credit Union!
Our Fixed Rate Mortgage provides you peace of mind as your rate is fixed throughout your term.
And of course – our rates are always competitive.
Variable Rate
If you believe rates will decline and want to save on interest costs, our Variable Rate Mortgage may be the right choice for you.
You can also select to have a capped rate on your Variable Rate Mortgage. This provides you the flexibility of a floating rate with the security of a capped rate if Prime Rate was to increase – it’s a win-win!
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