Westoba Credit Union has developed a mortgage that leads the marketplace in rate, flexibility and service. A Performance Plus Mortgage is available to members on their principal residence who have a Performance Plus Plan or a Performance Plus Premium Plan. These plans provide you with an outstanding combination of a chequing account and several services for one monthly fee. You choose the plan that best suits your needs!
A Performance Plus Mortgage will help you move into a house and make it your home. The benefit of a Performance Plus Mortgage is that it gives you peace of mind when buying a house. Westoba's Performance Plus products help ensure your financial fitness.
Our Performance Plus Mortgage Offers:
Pre-Approval for peace of mind
Before you shop for your home we will sit down with you and help you determine the price range you should shop in for your home. We'll talk to you about rates and term options, once you choose the mortgage that is right for you we will pre-approve it. That means you now can shop for your home knowing you have the means to make the best deal possible for you. To ensure you aren't rushed Westoba offers a 60 day rate guarantee. If rates go up don't worry your rate is locked in, and if rates go down we'll give you the lower rate. Any way you look at it, it's a benefit to you!
New purchases, transfers from other financial institutions and mortgage renewals all qualify. You choose a fixed interest term from 1,2,3,4 or 5 years and an amortization term of up to 25 years.
A Variety of Payment Options
Select the repayment plan that best suits your budget. Weekly, bi-weekly, semi-monthly or monthly.
One of the best features of a Performance Plus Mortgage is our early repayment option. We know you want flexibility, plans change, people move, Westoba makes it a lot easier to adjust your Performance Plus Mortgage to suit you. Our Performance Plus Mortgage is essentially an open mortgage at very competitive closed mortgage rates. Increase your payments, make lump sum payments, pay off your mortgage at anytime and we waive the penalty. Basically as long as the funds are provided through your own means and not another lender you will not incur a penalty.
For extra peace of mind we offer to members who qualify Life, Disability, Critial Illness and Loss of Employment insurance. You will be ready for the unforeseen events that life may have in store for you.
Performance Plus Plan and Premium Plan members receive a monthly consolidated statement of all their accounts. Your statement will include details on current rate, principal and interest payments. You know exactly each month the details of your mortgage.