Monday, May 12, 2008
A mortgage from Macleod Savings can help you to purchase the home of your dreams.
We offer conventional mortgages up to 75% of the appraised value of your existing or potential residence. High ratio mortgages up to 95% of the appraised value of your home are also available if they are insured through CMHC. Your mortgage with Macleod Savings can be amortized up to 25 years with interest terms ranging from 6 months to 5 years. We offer both open and closed mortgage options and you choose the payment frequency -- weekly, bi-weekly, semi-monthly or monthly.
Be Mortgage-Free Faster with the 20/20 Paydown
With a Macleod Savings mortgage, you can achieve mortgage freedom faster with the 20/20 paydown option. This means that you can increase your payments by up to 20% or make a lump-sum payment to a maximum of 20% of the original principal on the anniversary date of your mortgage. Use this handy calculator to see just how much a 20% lump sum payment would save you in interest.
Know What You Can Afford Before You Shop - Get Preapproved
At Macleod Savings, you can also apply for a pre-approved mortgage so you know exactly how much you can afford before you begin the search for your dream home.
Mortgage Insurance for Peace of Mind
We also offer life and disability insurance on mortgages to help protect you and your family from unforeseen events. Insurance is available through Credit Union Insurance Services.
Apply for a Macleod Savings mortgage today to: