Super Mortgage - CMHC

A Canada Mortgage & Housing Corporation (CMHC) residential term mortgage product, which offers more value and flexibility for your down payment and mortgage payments.

Affordable: Expand/Collapse

"You can acquire your dream home sooner with a smaller down payment."
- 5% down payment (Other options may be available for funding of your down payment. See in-branch for details.)

"You have the option of lower payments by taking your mortgage over a longer period."
- Terms up to 25 years.

Cost Savings/Earnings: Expand/Collapse

"You keep more money in your pocket."
- No prepayment penalties
- Free mortgage renewals
- Competitive interest rates

"You are eligible to share in the credit union's profits."
- Eligible for the ProfitShares program.

Flexible: Expand/Collapse

"You can adjust your payments to fit your needs."
- Multiple Repayment Options, including:

  • Payment frequency
  • Flexible terms
  • Automatic transfers or self-service payments
  • Multiple fixed rate options

Convenience: Expand/Collapse

"You have the option to access funds for future needs."
- Option to re-advance on anniversary date (subject to CMHC guidelines).

Peace of Mind: Expand/Collapse

"You know what you can afford when looking for a home."
- Pre-approval options.

"You can protect your assets and your family."
- Loan payment protection available:

  • Life
  • Disability
  • Critical Illness
  • Loss of Employment

Additional Information:

- Canada Mortgage & Housing Corporation (CMHC) approval is required. Synergy will fill out the application on your behalf.
- CMHC premium can be added to your mortgage.

Who might benefit from this product/service?

Members who will be paying a down payment of less than 20%, but who want flexibility and added value in their mortgage.

Key Resources & Tools

Advice Videos

Home buying tips video

Home Buying Tips

Tips to help you get started with your home purchase.

Saving for a Down Payment Video

Saving for a Down Payment

3 tips to help you get closer to reaching your down payment goals.

6 Ways To Get More With Your Mortgage video

6 Ways To Get More With Your Mortgage

Important things to consider with your mortgage, which could save you future potential hassles and money.


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