ACU - Mortgage Renewals

Renew your mortgage at the end of every term with ACU

How it works

You can renew your mortgage at the end of every term, as long as your amortization period hasn’t finished yet. Choose to keep the same term or select a new one with a different rate.

Get an early start (and expert advice)

Take this opportunity to review your finances and choose a renewal option based on where you are today, and where you want to get to tomorrow. We’ll call you before your renewal date, but you can also call or visit us whenever you’re ready.

Our 90-day renewal guarantee

Lock in the interest type and term you want for 90 days leading up to your renewal date. This way, if interest rates change, you’ll get the lower option. Contact an ACU branch and ask for the 90-day renewal guarantee.

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How to choose the right mortgage option for you

Two-thirds of Canadians are homeowners, and just over half of those people have a mortgage. Whether you already own your home or you’re in the market to buy one, you likely have a lot of questions about mortgages.

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Should I pay my mortgage down faster?

If you’ve ever asked yourself, “Should I pay off my mortgage early?” the short answer is yes. While it may be tempting to stretch out the term of your mortgage to keep your payments down, it will cost you more — much more — in the long run. Interest can add up to tens of thousands of dollars over the life of your loan, so paying off a mortgage early is a smart financial choice.

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How your credit union mortgage can benefit community initiatives

Did you know that credit unions are collectively Canada’s second-biggest mortgage lender? In 2021 alone, they held a total of $131 billion in residential mortgages across the country.