Somewhat knowledge from those that’ve been there: this isn’t only a monetary transaction—it’s your life. Eventually, you’ve acquired to get on with it. And over the 20 or 30 years it takes to repay your mortgage, it received’t a lot matter what the speed was the day you first acquired authorized.
Particularly while you look past Canada’s Large 5 banks, you’ll discover engaging charges proper now. For instance, consumers in B.C. can discover nice charges at Coast Capital Financial savings Credit score Union. Its five-year high-ratio mounted mortgage has a decrease marketed fee than any of the Large 5 (as at Oct. 30, 2024), primarily based on impartial, exterior third-party market analysis.
Plus, for a restricted time, you may get a money bonus when open a brand new mortgage or change your present mortgage to Coast Capital. This supply is on the market to present and new Coast Capital clients—extra particulars beneath.
What’s Coast Capital?
Coast Capital is totally different from a financial institution. It’s Canada’s largest credit score union by membership, with a historical past going again over 80 years. It’s owned by its practically 600,000 members, with headquarters in Surrey and 45 full-service branches throughout British Columbia.
Like all cooperative, Coast Capital is attentive to the wants of its members. In actual fact, it’s a Licensed B Company, acknowledged for its social-purpose enterprise mannequin. Yearly, Coast Capital reinvests 10% of its backside line again into the communities it serves—with a give attention to tasks and initiatives that unlock monetary alternatives and methods to develop earnings for individuals and companies in Canada. Over the previous 20 years, these contributions have added as much as greater than $100 million.
“Budgeting and saving are vital, however in lots of circumstances these methods are not sufficient,” says Catherine Wooden, Coast Capital’s chief technique, product and advertising officer. “With an increasing number of individuals unable to maintain up with the rising value of residing, it’s clear that Canadians must earn extra to enhance their monetary actuality. At Coast Capital, we imagine that begins with entry to schooling and coaching that empowers individuals to start, advance and even change their careers.”
What are Coast Capital’s mortgage charges?
Proper now, Coast Capital is providing a five-year mounted high-ratio mortgage at 3.96% APR (annual share fee) and a five-year common mounted mortgage at 4.14% APR. 5-year variable-rate high-ratio mortgages can be found at 4.04% APR. (Charges are present as of March 25, 2025.)
And, when you act now, you may get certainly one of Canada’s lowest marketed mortgage charges with Coast Capital’s five-year mounted high-ratio mortgage. Get a member-preferred fee and as much as $4,600 with a mortgage and qualifying merchandise. (Circumstances apply. See full phrases and situations.) This supply expires June 30, 2025.