CLICK HERE for Prosperity ONE mortgage rates.

CLICK HERE for Prosperity ONE calculators.

CLICK HERE for Prosperity ONE on-line Mortgage Application.

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Meritline™ - Home Equity Line of Credit

• If you're planning a major expenditure, whether for a home renovation, a vacation cruise or your investment portfolio, then Meritline™ will give you the flexibility you need.
• Prosperity ONE's MERITLINE™ Home Equity Line of Credit provides the flexibility you need.
• MERITLINE™ Home Equity Line of Credit  can be pre-arranged for up to 80% of the appraised value of your property, less any existing mortgage.
• Using that balance as a line of credit lets you borrow what you need, when you need it.
• Maximum repayment flexibility-it may well be the last loan you'll ever need.

CLICK HERE for Prosperity ONE mortgage rates.

CLICK HERE for Prosperity ONE calculators.

CLICK HERE for Prosperity ONE on-line Mortgage Application.

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High Ratio Mortgage

This type of mortgage usually exceeds 80% of the appraised value of the property or the purchase price, whichever is less.

The borrower is required to pay an insurance fee if a mortgage is required in excess of 80%.

• Mortgages may be amortized up to 35 years.
• Your choice of mortgage interest terms is 6 to 120 months or a variable rate.
• Mortgage payments may be made weekly, bi-weekly, semi-monthly or monthly and can be deducted from your account automatically.

CLICK HERE for Prosperity ONE mortgage rates.

CLICK HERE for Prosperity ONE calculators.

CLICK HERE for Prosperity ONE on-line Mortgage Application.

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Second Mortgage

• A Prosperity ONE second mortgage is available upon qualification for those who own or are buying residential property, or who need additional funds and have sufficient equities in their residence.
• This type of mortgage is provided in conventional and collateral forms for up to 80% of the appraised value of the property or the purchase price, whichever is less (combined first and second mortgage).
• Mortgages may be amortized up to 25 years.
• Your choice of mortgage interest terms is 6 to 120 months or a variable rate.
• Mortgage payments may be made weekly, bi-weekly, semi-monthly or monthly and can be deducted from your account automatically.

CLICK HERE for Prosperity ONE mortgage rates.

CLICK HERE for Prosperity ONE calculators.

CLICK HERE for Prosperity ONE on-line Mortgage Application.

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Bridge Financing

• In the event that you have purchased a home before your existing home has sold Prosperity ONE offers Bridge Financing.
• Bridge Financing is a short term solution to extend additional credit on a short term basis, using the equity in your current home as security. For more details contact our mortgage specialists.

CLICK HERE for Prosperity ONE mortgage rates.

CLICK HERE for Prosperity ONE calculators.

™ MERITLINE is a trade-mark owned by Credit Union Central of Ontario, used under license.