Personal Loans & Mortgages
Whether it’s buying a new home, vehicle, furthering your education or planning for your retirement — whatever life may bring you, Cypress Credit Union is here to help you along the way.
Mortgages
With a Cypress Credit Union Mortgage, you can pay off your loan from your own funds without penalty in most cases, which could save you thousands of dollars in interest. Plus, enjoy the flexibility of choosing bi-weekly, semi-weekly, semi-monthly or monthly payments.
CMHC Financing
Canadian Mortgage and Housing Corporation’s (CMHC) Home Loan Insurance allows you to buy a home with as little as 5% down. Your mortgage is insured up to 95% of the lending value of the home. It can be a new home or a resale home.
Conventional Financing
Pay off your house faster and save on interest by putting at least 25% down.
- Prepay or repay anytime without penalty or bonus.
- Transfer out penalty.
Open Mortgages
- Fixed rate.
- Convert to another CU choice mortgage option at anytime.
- 1- to 5-year terms available.
Personal Loans
Cypress Credit Union loans can open doors for you. We have a wide range of personal loan options available, and will work with you to help determine which one best fits your needs.
Line of Credit
A line of credit is a convenient, revolving loan with a pre-determined limit and one-time approval process that is attached to your existing operating account. Get easy access to extra cash with much lower interest rates than credit cards.
Term Loan
Looking to finance something? Vacation? Vehicle? Furnishings? And so much more. We can help you with a personal loan to finance a wide variety of purchases.
Quick Loan
A quick loan is a type of revolving credit that you can access without having to complete a new application each time you need funds with flexible repayment options available.
Student Loan
Planning on furthering your education at College, University, Trade School or Technical School? Let us make it easier for you by financing your tuition, books and/or living costs with a Student loan.
Investment Loan
Borrowing to invest can be a great strategy in your retirement planning. RRSP Loans are a great option if you are needing to catch up on your contributions. Making loan payments may be easier for you than saving and the money in your RRSP is growing tax free.
Personal Flex Mortgage
A quick and convenient way to access loan funds, this one-time-application loan uses equity in your home as security and gives you pre-approved finance limits so there is no need for additional approval with each new purchase. The loan gives you the freedom to remodel your home, upgrade your vehicle, buy a trailer or boat, or go on a vacation!
Apply Before You Buy
A Cypress Credit Union Pre-Approved Loan gives you the go-ahead to go out and shop for the item you want, negotiate the best price and close the deal on the spot. It’s a smart way to make your major purchase.
Because your loan is pre-approved beforehand, there are no hassles when financing your purchase, no hidden fees and very competitive rates. It’s that simple.
In most cases, you’ll have your pre-approved loan in 24 hours.
Convenient Loans Policy
No elected officer of Cypress Credit Union Limited will be included in the approval of credit. All credit approval will be dealt with by an internal approval body consisting of Senior Management and Lending Services representatives. This gives quick response times with respect to credit requests and approvals.
Talk to Our Local Lending Experts
Our friendly experts believe in helping you work toward your goals. We are proud to offer you financial advice and products that will benefit you.