Own your dreams with a mortgage that fits your life.

Whether you’re buying a house for the first time, building a home or renovating, you need a mortgage that puts you in control. Casera Credit Union provides mortgages specifically tailored to suit your family’s budget and lifestyle.

“You can choose from a variety of fixed- or variable-rate mortgages with terms ranging from 6 months to 60 months, and flexible, convenient repayment schedules,” explains Brent Thomas, Casera’s CEO. “We’ll work closely with you to develop a plan that gives you total peace of mind — today and well into the future.”

Thomas says you should consider a pre-approved mortgage before you begin house-hunting. “Acquiring a pre-approved mortgage with a 90-day guaranteed fixed-term interest rate provides peace of mind, helps narrow your search for a home in your price range, and assists in closing a deal because the seller knows you’re a qualified buyer.”

First Home Buyers’ Incentive

If you’re looking to buy your first home, you’ll appreciate the Government of Canada’s equity-sharing homebuyer’s incentive. Administered through CMHC (Canada Mortgage and Housing Corporation), the First-Time Home Buyer Incentive provides funding of 5% of the purchase price of an existing home or 10% of the purchase price of a new build.

To assist you in managing your cash flow, no ongoing monthly payments are required — instead, you repay the incentive at resale. For example, if you purchased a $400,000 home with a 5% down payment and a 5% CMHC shared equity mortgage ($20,000), the size of your insured mortgage would be reduced from $380,000 to $360,000. This helps lower your monthly mortgage payment.

For more information about Casera mortgages, check out savewith.caseracreditunion.ca/ own-your-dreams/mortgage or contact your neighbourhood branch to set up a meeting with a mortgage specialist.

Home Buyers’ Plan

Did you know that you can withdraw funds from your RRSPs to help with the purchase of a home? The Government of Canada’s Home Buyers’ Plan (HBP) allows you to withdraw up to $35,000 in a calendar year from your RRSP to buy or build a qualifying home for yourself or for a related person with a disability.

For details about the HBP, visit www.canada.ca.

5% Cash Back* from Casera

Use the 5% of your mortgage that you get back to pay for legal fees, home improvements, or new furniture. *Some conditions apply. Contact your neighbourhood branch for details.