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2.89%1 5-year fixed closed mortgage

Cozy up to a great rate

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Choose your mortgage. Love your rate.

If you’re buying a new home, refinancing the one you already have, or switching your mortgage to motusbank, we’ve got you covered.

Our simple, online application takes you through the process, step-by-step. If you need help along the way, our Member Service team is on standby. Just give us a call.

Want to see our other amazing rates? View all rates
Already started a motusbank mortgage application? Sign in and pick up where you left off.
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Friends & family mortgages

Tired of renting? Ready to leave the nest (again)?

  • Join forces with family or friends and pool your money, for a larger shared home
  • It’s an innovative and affordable way to become a homeowner
  • Get some of that ‘equity’ that your parents’ generation always talk about
  • Keep your real estate options open
Learn more




Go ahead, crunch the numbers

Find a home in a price range that will suit your budget. Use our mortgage affordability calculator to figure out what size mortgage you can afford based on your income and expenses
 

First-Time Home Buyer Incentive

Good news for first timers! Check out the First-Time Home Buyer Incentive (FTHBI) from the Canadian government. This program helps lower mortgage costs for eligible first-time buyers, making home ownership possible for more people. If you qualify, you could get 5 to 10% of a home’s purchase price as a shared equity mortgage with the government, in addition to your motusbank mortgage. This means lower mortgage payments without a bigger down payment. Sweet.

To get the scoop on eligibility, how to apply, and how repayment works, visit the First-Time Home Buyer Incentive website or contact us.

Pay down up to 20% of the original principal balance, per year, without penalty.  
Or…..
You can also increase your monthly payment by up to 20% of your original payment plan each year (or a combination of both).

This feature is as simple as it sounds – we let you skip one month’s worth of mortgage payments, once per calendar year, to give you a little breathing room.

Having a mortgage is a long-term commitment. Choose a payment schedule that suits you and fits your budget. Make weekly, bi-weekly, monthly, semi-monthly or accelerated weekly and bi-weekly payments.

Mortgage Protection / Creditor Insurance

Group mortgage protection (GMP) insurance is a monthly premium that can be added to your mortgage payments. Protect your home in case you miss payments due to things such as critical illness, disability and just the overall hardships of life, for as long as you hold your mortgage.

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How to choose between a fixed or 
variable rate mortgage

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Frequently asked questions