Creditline mortgage

If you’re looking for more flexibility, the variable rate Creditline mortgage could be the perfect option.

Each month, you can pay as much or as little of the principal as you choose. Pay the interest only, pay off the loan completely, or pay any amount in between. You’re not locked into a long-term payment plan, and you won’t be charged a penalty for repaying your mortgage sooner.

Plus, your available credit increases as you pay off your outstanding balance, so the money is always there for you if you need it.

Features and benefits

  • Pay as much or as little of the principal as you choose (interest must be paid each month)
  • Use the equity in your home to fund renovations, a vacation, or anything else
  • Use the funds available within your credit limit any time you need them
  • Access available funds through cheques, ATM withdrawals, online banking, or telephone banking
  • Convert all or part of your Creditline mortgage to a fixed-term mortgage at any time

Mortgage rates

View our current mortgage rates.

How to apply

You can apply for a Vancity mortgage online, at your branch, or by calling the Member Services Centre at 604.877.7000 or toll free at 1.888.Vancity (826.2489).

You can also contact a Vancity mortgage specialist to discuss mortgage options, ask questions, and receive personalized mortgage advice. Our specialists will travel to meet you at your home, office, or any other convenient location. Find a mortgage specialist in your area.

Apply now