Homeprime mortgage (variable rate)

If you want to combine a competitive interest rate and the security of fixed monthly payments, take a closer look at our Homeprime Open or Homeprime Fixed mortgages.

No matter which option you choose, you’ll get the benefit of a variable interest rate that’s usually lower than a fixed-rate option, so you’ll pay less interest. But you’ll also enjoy predictable payments over a 5-year term that don’t fluctuate when the prime rate goes up or down. Instead, when the prime rate falls, more of your payment goes to principal, and when it rises, more of your payment is allocated to interest.

Homeprime  mortgages can also be extended to an amortization (total debt repayment period) of up to 30 years.

Features and benefits

  • A flexible interest rate combined with fixed monthly payments
  • An open-term or fixed-term of 5 years
  • Amortization of up to 30 years
  • Ability to convert to a fixed-term mortgage if interest rates rise (terms and conditions apply)
  • Flexible payment options, including weekly, bi-weekly, monthly, semi-monthly, accelerated weekly, and accelerated bi-weekly

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