We've merged effective January 1, 2020 and while this website may still bear the name and logo of Westminster Savings Credit Union, we are in the process of revising all print and digital materials to bear the name of the new legal entity - Prospera Credit Union. We appreciate your patience during this transitional period.

Five Year Flex Mortgage

Five Year Flex Mortgage

The Five Year Flex Mortage is a a flexible mortgage option that allows you to pay off your mortgage quickly.

Apply online

visit a branch near you or call 604-517-0100 to get started today.

A Five Year Flex Mortgage is ideal for customers with the financial means to accelerate the processof paying off their mortgage.

Mortgage Features

  • An open mortgage that can be paid off or paid down at any time without an interest penalty*
  • Convertable to a Regular Mortgage at any time without penalty
  • No pre-payment penalties
  • Weekly and acclerated bi-weekly payment schedules
  • Life and Disability insurance is available
  • Eligible for early renewal under the Four Month Early Renewal program
  • 90-day rate guarantee
  • Can be used for revenue properties and progressive mortgages
  • Can be used with a High Ratio Mortgage

Term & Conditions

  • Maximum mortgage amortization period is 30 years
  • Interest compounds semi-annually
  • Fixed interest rate
  • Available as first mortgages only
  • Life and disability insurance available
  • Suspension of scheduled payments is not permitted

We always give you our best rate.

Westminster Savings doesn't make you guess or negotiate a mortgage rate: we always give you our best rate. See our mortgage interest rates online.


*The principal can be paid from a customers' own funds at any time without penalty. Where the payout is through a refinance from another financial institution a penalty may apply.

 
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