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Low rates, money back. Let us help you with your next mortgage.

Between May 21 and September 8, 2025, you may be eligible to get up to $5,500 cash when you get a mortgage with YNCU.

Unlike a lot of our competitors, we won’t adjust the mortgage interest rate to recoup the offer incentive. We also offer a wider Financial Care Package to help you manage and ensure your financial success with no up-front costs but a few perks. If you’re interested please let us know when you inquire about a mortgage.

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We believe in complete transparency when it comes to your mortgage options.

Here’s how our offers stack up against the competition. We want you to feel confident that you’re making the best choice for your financial future.

Good to know: How are mortgage rates calculated?

Mortgage rates are influenced by many different factors, including the Bank of Canada’s policy interest rate, bond yields, market conditions, your personal credit history, the term and type of mortgage like fixed or variable, as well as other things like internal costs and assessments. At YNCU, we’ll absorb more costs than our much larger competitors to give our members competitive rates.

Get started on your mortgage today.
If you’d like to take advantage of this offer fill out the form below and we’ll get back to you quickly or simply call us at 1-844-444-0411.

 

How do our rates compare against the big banks?

As of June 17, 2025 (5-year high-ratio)

5-Year High-Ratio
4.19%

CIBC

4.09%

RBC

4.19%

BMO

4.39%

TD

4.54%
 

Let us tell you more about the care package
attached to the mortgage cash back incentive.

As part of the cash back incentive, we’ve created a customizable financial care package comprised of various products to accompany your new YNCU mortgage. You may be eligible to get up to $5,500 cash back when you get a mortgage with a Financial Care Package that consists of four or more products designed to help you earn, save, and ensure your long-term financial stability.

It starts with a few basic features that we’ve listed below and is flexible enough that you can swap and add from an assortment of qualifying products we offer.

Home free chequing account with deluxe savings

A no-fee chequing account with no monthly maintenance fees designed for everyday deposits, paycheques, paying bills, and more. Free in-branch and self-serve transactions. No minimum balance waiver.

An emergency savings account to save the day

Readily available funds to protect your savings from unexpected expenses. No minimum and you can add up to $15,000 for a rainy-day emergency.

Overdraft protection† to help you manage your cash flow

Covers banking transactions and lets you make purchases when you don't have enough money in your checking account and saves you on NSF fees.

Non-registered savings and GICs to create investment stability

Low risk investment. Contribute as much as you like as there are no annual limits or age restrictions. We have a limited time 4% interest rate for 6-months on new investments. This offer ends June 30, 2025.

Need more? You can create a custom care financial package based on your personal needs. Here’s a few things you can add or swap.
Non-registered savings and GICs Unsecured line of credit
TFSA, RRSP, RRIF, FHSA Personal loan or RRSP loan
YNCU Investment Shares  

Get started on your mortgage today.

If you’d like to take advantage of this offer or apply for a mortgage without it, book an appointment online or simply call us at 1-844-444-0411.

 
 

How getting a mortgage with YNCU works

When you get approved for a mortgage at YNCU between May 21 and September 8, 2025, you can unlock up to $5,500 cash back as part of a larger package to protect your investment and set you up your financial success.

Here’s what to expect:

1. We’ll contact you by phone to start your application and discuss you mortgage and financial needs.
2. Your application will then be sent for a quick review for approval.
3. We’ll assign your dedicated advisor who’ll let you know if you’ve been approved.
4. Receive your mortgage and financial care package bundle (if applicable).
5. Once your mortgage closes, your cash back incentive will be deposited into your Home Free Chequing Account (if applicable).
6. Enjoy ongoing personal support and a tailored banking experience designed around you.

All terms and conditions are outlined clearly before you commit, because trust starts with transparency. Learn more.

 
 

Why choose YNCU?

While it sounds cliché, here at YNCU our members come first. As a credit union we don’t have the stock pressures of big banks, so we can prioritize your financial well-being over profit. Given the economic uncertainty we’re facing in this country, our job is to make you feel confident about your future. We’ll help you earn, save, and protect your money. We also help the local communities where we do business, because we know the financial health and security of our members require investments at both individual and collective levels.

 
 

Here are some commonly asked mortgage questions

To determine how much mortgage you can afford in Ontario, you'll need to factor in your income, expenses, as well as your debt-to-income ratio. A general guideline is to calculate the percentage of your gross income that is allocated to housing-related expenses. You can use online mortgage affordability calculator here.

Most people prefer fixed-rate mortgages because the monthly principal and interest payments remain the same. They are ideal if you are on a fixed income, or you simply prefer fixed repayments for easier budgeting.

A cash back mortgage incentive includes a lump sum of money that you receive when your loan is finalized. It’s typically used to help with home closing costs like legal expenses, renovations, furniture, or just about anything else. It’s also a great starting point for your savings, nest egg, or emergency fund.

Mortgage Amount

Mortgage Only

Mortgage +4 Products

Mortgage +5 Products

$100,000–$499,999.99

$1,500

$1,750

$2,000

$500,000–$749,999.99

$2,500

$3,000

$3,250

$750,000–$999,999.99

$3,500

$4,000

$4,250

$1,000,000–$1,500,000

$4,500

$5,250

$5,500

Only if you break your mortgage early - full terms and details will be shared with you before you sign.

It starts with a new mortgage. Whether you’re a first-time home buyer, switching from another lender, or setting up a brand-new mortgage, when you inquire about a mortgage, we’ll make a recommendation on a simple bundle containing a few key products like our home free chequing account, emergency savings account, overdraft protection, along with non-registered savings and GICs. We’ll also work through options to customize it to your specific needs. It’s a simple way to get extra support and start building a stronger financial foundation.

Given the economic uncertainty we’re facing in Ontario, we want to help you feel at ease and confident about your future. We’ve introduced this optional Financial Care Package to accompany your mortgage because we want to help you earn, save, and protect your investments.

 

*Cash back amount for new mortgages ranges from $1,500 to $5,500, based on the mortgage value and the number of eligible products opened. Offers available on approved credit. Terms and conditions apply.

**4.19% available on 3 to 5-year High-Ratio mortgages. On approved credit. Terms and conditions apply. Rates are subject to change at any time without notice. Alternate terms and rates available. Contact your branch for details.

†On approved credit. Terms and conditions apply. Overdraft protection limits range from $500 to $2,500. A $5.75 monthly fee applies in any month the protection is used. Overdrawn balances must be repaid within 90 days. Interest rates may change without notice.

 
 

2024 Your Neighbourhood Credit Union Limited. All rights reserved.

Your Neighbourhood Credit Union (YNCU) is a licensed credit union operating in, and under the laws of, the province of Ontario. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA) .

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