You’ve found your dream home now own it sooner with a great mortgage. A Mainstreet mortgage offers a low mortgage rate and incredible perks like generous pre-payment options, plenty of payment frequency choices, and a *free chequing account.

Mortgage Features

Own your home sooner with pre-payments

  • Pay up to 20% of the original principal of your mortgage each year and at any time! - no waiting for the mortgage anniversary date!
  • Double up any of your regular mortgage payments (ex: If your regular mortgage payment is $500. See how pre-payments can really make a difference in owning your home sooner by using our mortgage payment calculator tool).

Flexible payment frequency

You decide how to pay - smaller payments weekly, or the full amount once per month (or something in-between)!

*Savings tip - choosing weekly or bi-weekly options can save you money over time! Talk to us to learn more!

Free chequing account

With a mortgage (or any combined business at Mainstreet of over $100,000) you can recieve a Complete, E-ssential, or Light chequing account package for free!

Switch from a variable to a fixed rate at any time

Rates change. Life changes. If you are in a variable rate mortgage you can switch into a fixed rate mortgage at any time! If your needs change, you want to move, your family expands - talk to us! There are lots of options from blending your existing mortgage into another Mainstreet product, taking advantage of a new mortgage offer, or bringing your existing mortgage with you to your next home - we'll help recommend the best approach for you.

Fixed Rate
Variable Rate
Interest Rate
Locked in for the full term of the mortgage
It fluctuates based on the market
Payments
Locked in for the full term of the mortgage
It fluctuates based on the market
Open or Closed Mortgage
Can be either - Open mortgages can be paid off at any time. Closed mortgages can usually be paid off prior to maturity but fees apply.

Fixed or Variable Rate?

Don’t worry we can help you in determining which is the right one for you.

Interest Rate

Fixed - Locked in for the full term of the mortgage

Variable - It fluctuates based on the market

Payments

Fixed - Set in advance for the term - your payments remain the same

Variable - It fluctuates based on the market

Open or closed mortgage

Can be either - Open mortgages can be paid off at any time. Closed mortgages can usually be paid off prior to maturity but fees apply.

Featured Rates

5 year variable

3.99%

5 year fixed

2.99%

*Rate subject to change and on approved credit (O.A.C).

Stacy & Tricia

We switched our construction loan to Mainstreet and they instantly took care of us and everything we required. It’s an amazing banking experience- our family could not be happier.

— Stacy & Tricia More Stories

Mortgage Insurance

For most families the biggest debt and the biggest monthly expense are one and the same thing: the mortgage. Mortgage life insurance, available on all Mainstreet mortgages, helps ensure the security of your family home in the event of loss of life.

Experience cooperative banking that is
Invested in you.