Trying to predict whether mortgage rates will go up, down or remain steady in future is difficult. And if you’re a homeowner whose mortgage is coming up for renewal, you may already be thinking about what direction they’ll go, as it will directly affect your payments.
There are many questions to ask before you refinance your home: Should you go with a fixed or variable interest rate? Make two payments a month rather than one? Should you keep your mortgage at the same financial institution as your other accounts?
Knowing your options can make all the difference, notes Akram Mourad, Financial Service Officer with the Abbotsford Community Branch of Aldergrove Credit Union.
Find added value in your next mortgage
In addition to finding a mortgage that works for your budget, wouldn’t it be nice to know your money is working even harder for you?
Here’s some ways Aldergrove Credit Union’s memberSHARE mortgage can help you:
- Instant cash bonus If you choose Aldergrove Credit Union for your mortgage, you could earn an instant cash bonus of up to $1,200.
- 120-day interest rate guarantee If you’re concerned about interest rates going up, getting pre-approval now and taking advantage of the 120-day rate guarantee can bring you peace of mind and save you money.
- Monthly savings This bundle also includes free chequing for one year, as well as a no-fee Collabria Master Card for 12 months, which gives you more financial flexibility.
- Expert knowledge As part of the Aldergrove Credit Union family you’ve got access to experts in other departments as well. Ask about your free insurance needs analysis.
Financial Service Officer Deena Holt points out that the instant cash bonus can help pay for those unexpected costs that can come your way as a homeowner. It’s another way Aldergrove Credit Union’s memberSHARE mortgage offers you significant benefits, she adds.
You can earn even more cash back
As well as the benefits listed above, the memberSHARE Mortgage could also earn you an annual cash bonus on interest paid on your mortgage, lines of credit and other loans through the memberSHARE Loyalty Program.
The program, which shared a record $1.56 million with members last month, offers other ways to earn extra cash, including bonuses paid on deposit interest and dividends on equity shares for members.
Plus, if you have everyday accounts such as chequing and savings accounts, line of credit or overdraft protection, payroll direct deposit and more with ACU, you’re also eligible to receive an annual product bundle cash bonus of up to $200.