Skip to main content
 

Mortgages

Your dream home starts with the right mortgage.

That's why we make it as easy as possible to help you get a mortgage that fits your needs and help you make the most of your new home.

What's more, all mortgages come with a Home Free Chequing Account, letting you skip the fees on top of chequing services.

 

Fixed Rate Mortgage

A fixed rate mortgage is a mortgage with an interest rate that is set (fixed) for a predefined period of time. You'll know exactly what you have to pay for the period the fixed rate applies, as well how much of your mortgage will be paid off at the end of your term.

Fixed rate mortgages are ideal if you are on a fixed income or if you simply prefer fixed repayments for easier budgeting. 

Open Fixed Rate Mortgage

Conventional & High Ratio

A fixed rate open mortgage has an interest rate that is set for a predefined period of time. You'll know exactly what you will have to pay on your mortgage for the whole period that the fixed rate applies. You can also enjoy the security of knowing how much of your mortgage will be paid off at the end of your term. With an open mortgage, you can repay it any time in full or in part without penalty.

Open mortgages are a great option for members who may be considering moving in the near future.

Rate: Fixed

Term: 1 Year

*Contact your branch for information regarding special features, repayment, eligibility, mortgage protection, and renewability.

Closed Fixed Rate Mortgage

Conventional & High Ratio

If you're looking for a mortgage that makes payments more predictable and budgeting easier, a fixed-rate mortgage could be the right choice. With a fixed-rate mortgage, you get the same interest rate for the entire term of the mortgage, so you can count on making the same payment every month.

You may also be eligible for a cash back option of up to 5% of the value of your mortgage. You can use this cash reward for home renovations and other home-related expenses, to pay down higher interest debt, or anything else you choose.

Rate: Fixed

Term: 1-7 Years

*Contact your branch for information regarding special features, repayment, eligibility, mortgage protection, and renewability.

Fixed Rate Second Mortgage

Conventional

A second mortgage is a secured loan that sits behind an existing mortgage – which means the first mortgage will be left untouched – but lets you extract equity from your property. A second mortgage can help you get rid of high-interest debt, complete renovations, assist with large purchases, and more.

Rate: Fixed

Term: 1-3 Years

*Contact your branch for information regarding special features, repayment, eligibility, mortgage protection, and renewability.

 

Variable Rate Mortgage

A little change can go a long way.

A variable rate mortgage is a mortgage where the rate of interest fluctuates in response to changes in the prime rate. That means you can take advantage of interest rates when they're low to chip away at your mortgage a little faster.

 

Open Variable Rate Mortgage

Conventional & High Ratio

With an open variable rate mortgage, you can repay your mortgage in full or in part at any time without penalty. This is ideal if you're looking to pay off your mortgage or sell your home in the near future. A variable rate helps you pay more towards the principle when rates are low, but could cost a little more at any given time. With an open mortgage, you also have the flexibility to lock in if rates start to rise.

Rate: Variable

Term: 1 Year

*Contact your branch for information regarding special features, repayment, eligibility, mortgage protection, and renewability.

Convertible Mortgage

Variable Rate - Closed
Conventional or High Ratio

Introducing a new twist on the variable rate mortgage. The Convertible Mortgage offers the benefits of a variable rate, but lets you convert at any time to a fixed-rate mortgage with a term equal or greater to the remaining term of your mortgage.

Rate: Variable

Term: 5 Years

*Contact your branch for information regarding special features, repayment, eligibility, mortgage protection, and renewability.

 

If during the term of your mortgage you become uncomfortable with rising interest rates, don't stress. YNCU gives you the option of converting your variable rate mortgage into a fixed rate mortgage equal or greater to the remaining term of your mortgage

 

Construction Mortgages

Prefabricated Construction Mortgages

Sometimes the mortgage comes before the home.

A construction mortgage is a mortgage on a home that hasn't been built yet. Our mortgage experts know prefabricated construction mortgages, and they'll take the time to guide you through the entire financing process.

Start by applying for a construction mortgage or getting pre-approved at any of our branches, or contact us for more information.

 
 

Purchase Plus Improvements Mortgage

Bought a fixer-upper? With a purchase plus improvements mortgage, you can combine the costs of renovations with your mortgage repayments.

Using a 5% or more downpayment, you'll be able to make renovations right after your possession date and simplify budgeting with a combined payment.

Rate: Contact us for more details on rate for this product.

Mortgage Terms: Standard fixed and variable rate mortgages are permitted. Contact our team to select a mortgage term that works for you.

Click here to use the Purchase Plus Improvement Mortgage Calculator

 

Leadership

Gord Harrison, CPA, CMA

Chief Executive Officer

Gord Harrison is Chief Executive Officer for YNCU, where he works closely with the Board of Directors, serving as manager of corporate operations and as the main link between the divisions within the organization.

Gord joined YNCU in 1984 and has progressed through a number of leadership roles throughout his tenure, including his most recent role as Chief Financial Officer. Gord studied Economics at McMaster University. 

In terms of his personal leadership style, Gord attributes a variety of life experiences to who he is as a person and as a leader. “I strive to empathize with people and be as fair to everyone as possible. I have found humour is a great way to bring people together, encouraging our employees to see the good in people, always giving them the benefit of the doubt. While I do not take myself too seriously, I do my best whenever possible as the leader of this organization.” Gord Believes YNCU has a great team of staff who serve the YNCU membership and their communities professionally and with pride. 

On a weekend afternoon you can find Gord entertaining or golfing with family and friends.

 



Lara Stilin, CPA, CA

Chief Financial Officer

Lara Stilin was welcomed back to YNCU as Chief Financial Officer in January 2021. She was previously YNCU’s Director of Finance and Accounting where she oversaw the organization’s external financial and regulatory reporting. In October 2019, Lara broadened her experience with Ontario Lottery and Gaming Corporation as their Director of Tax, Treasury and Transactions before her return to YNCU. As CFO, Lara is our Senior Executive responsible for Finance, Accounting and Facilities.

Lara received her Bachelor of Business Administration with an accounting specialization from Algoma University.

Upon assuming her role as CFO, Lara became the youngest ever CFO for the credit union. “As a young person, I’m excited to continue to contribute to my community. This opportunity to work in the credit union helps push the community forward.” Outside of her role with YNCU, Lara is also a board member of the F.J. Davey Home—a long term care facility in Sault Ste. Marie. 

On a weekend afternoon Lara is likely out for a walk with her dog, Kona, or playing a round of golf.

 



Hilary Anderson, CPA, CGA

Chief Human Resources & Support Services Officer

Hilary Anderson is Chief Human Resources and Support Services Officer, where she leads the YNCU HR team and is responsible for Member Support and Payment Services.  She joined YNCU as a member of the Chief Leadership Team in March 2021 after serving on the YNCU Board of Directors from 2011-2020. Hilary holds a Business Accounting diploma from Georgian College and is currently working towards her Executive MBA. 

Hilary is an active volunteer for the Animal Rescue Foundation and sits on the board for Caring Support, a start-up that matches health care employees with health care employers. 

Hilary says her leadership style has grown working with leaders with a variety of strengths and weaknesses. “In my experience, while I’ve worked for leaders that easily fit into my style, I’ve also been put in challenging situations. My hope is that I’ve been able to take the best from all and integrate that into my way of working with others.”

On a sunny weekend you can find Hilary sitting in the backyard around the pool with friends and family, listening to 80’s music and enjoying great food and company.

 



Russ Voutour

Chief Information Officer

Russ Voutour joined YNCU in March 2021 as Chief Information Officer, where he oversees Infrastructure, Enterprise Services, Information Technology Governance, Innovation and Business Technology.

Russ received a degree in Computer Science from the University of Guelph and has worked in the financial services industry for 15 years, including various areas such as digital, analytics and architecture. He was a member of the founding team for Sonnet Insurance, which was Canada’s first digital direct insurance company. Before joining YNCU, Russ was the Head of Technology for TD Insurance.

A big believer in serving his community, Russ held the title of Technology Chair for TD’s United Way Campaign, as he is a supporter of Habitat for Humanity. 

As a leader, Russ believes in the power of diversity and inclusion. “I think diversity within a team leads to diversity of thought—you have to be conscientious about creating an environment that offers opportunities for everyone to contribute.”

On a weekend afternoon you can find Russ cooking wood fired pizza in the backyard or woodworking in his shop.




Marc Rivard

Chief Lending Officer

Marc Rivard is Chief Lending Officer, our Senior Executive responsible for Business Services and Retail Lending. With almost 20 years of lending and financial services experience, Marc came to YNCU after holding various roles at a major financial institution including personal banking, commercial services, sales management and branch management. 

Marc earned an undergraduate degree in Marketing from the University of Guelph and went on to earn his graduate degree, MBA Financial Services, from Dalhousie University. 

Marc credits his leadership skills to growing up in a family of entrepreneurs. “Entrepreneurs are dedicated, take ownership for their actions and must often juggle work and family.  In turn I believe that hard work with a strong empathetic approach to leadership is the key to success.”   

On a sunny Saturday you can find Marc biking with his family or visiting a local restaurant to enjoy some food and drinks.




Archie Bonifacio

Chief Community Officer

Archie Bonifacio serves as Chief Community Officer of YNCU, where he oversees Community Giving, ESG and DEI principles, Marketing and Corporate Communications, Public Relations, and Wealth Management. Archie’s career in financial services began over 20 years ago including leadership roles with a full-service brokerage firm where he was responsible for marketing in Canada and led marketing initiatives in the UK and the US. Archie joined the credit union system in 2013 and served as Head of Wealth for two large Ontario credit unions prior to joining YNCU.

Archie obtained a Bachelor of Science Degree in Psychology from McMaster University and has a Master of Business Administration from Wilfrid Laurier University. His designations include Certified Financial Planner, Fellow of the Canadian Securities Institute and Responsible Investment Specialist. 

As a leader, Archie feels his role is to unleash the potential of his team. “I want to empower my team to do their best and achieve our common purpose. I have also known very generous leaders and I believe there is more to an organization’s purpose than generating profits.”

On a weekend afternoon Archie can be found walking with his wife, his two daughters and his two doodles to his neighbourhood’s Downtown shops where the Doods get dog treats at the pet shop, and the humans get people treats at the café. He also likes to pick up dinner at the local butcher and cheese shop.




Aimee Wagner

Chief Retail Excellence Officer

Aimee Wagner is Chief Retail Excellence Officer, where she leads the YNCU Member Services team and Retail Operations, with a focus on enhancing the retail member experience. She first joined YNCU almost a decade ago and has enjoyed many roles throughout her career, most recently as the VP of Retail Services.

With over 20 years working in business, investment and retail financial services, Aimee has been afforded a unique perspective and is passionate about the YNCU member experience. She has a well-rounded understanding of the business, supported by servicing our members and employees and coming to understand the synergies it takes to deliver a consistent, and supportive journey. Aimee has sat on numerous Boards of Directors including Nurse Practitioners as well as shelters for at risk youth. 

Aimee is passionate about empathetic leadership, and ensuring a team approach that includes collaboration and trust to help create a dynamic experience for staff and YNCU members. She believes that in all jobs we do, and with all people we support, we shouldn’t leave our hearts at home.

On a weekend afternoon you can find Aimee taking in great local music and enjoying time with her two children, as well as her dog, Pickles.

 

 

Mortgage Calculator

The first step in buying your home is determining your budget.

Use the Mortgage Planning Calculator to find out how much you can afford to borrow towards purchasing a home and what your payments will be.

 

 

Purchase Plus Improvement Calculator

 

Sagen's Purchase Plus Improvements Program (PPI) combines a home improvement loan with your mortgage, in one convenient transaction. You will have one manageable mortgage payment with the ease of one financial transaction to create the perfect home. Estimate your monthly payment with the Sagen PPI Calculator.

 

 

These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.

 

Leadership

Gord Harrison, CPA, CMA

Chief Executive Officer

Gord Harrison is Chief Executive Officer for YNCU, where he works closely with the Board of Directors, serving as manager of corporate operations and as the main link between the divisions within the organization.

Gord joined YNCU in 1984 and has progressed through a number of leadership roles throughout his tenure, including his most recent role as Chief Financial Officer. Gord studied Economics at McMaster University. 

In terms of his personal leadership style, Gord attributes a variety of life experiences to who he is as a person and as a leader. “I strive to empathize with people and be as fair to everyone as possible. I have found humour is a great way to bring people together, encouraging our employees to see the good in people, always giving them the benefit of the doubt. While I do not take myself too seriously, I do my best whenever possible as the leader of this organization.” Gord Believes YNCU has a great team of staff who serve the YNCU membership and their communities professionally and with pride. 

On a weekend afternoon you can find Gord entertaining or golfing with family and friends.

 



Lara Stilin, CPA, CA

Chief Financial Officer

Lara Stilin was welcomed back to YNCU as Chief Financial Officer in January 2021. She was previously YNCU’s Director of Finance and Accounting where she oversaw the organization’s external financial and regulatory reporting. In October 2019, Lara broadened her experience with Ontario Lottery and Gaming Corporation as their Director of Tax, Treasury and Transactions before her return to YNCU. As CFO, Lara is our Senior Executive responsible for Finance, Accounting and Facilities.

Lara received her Bachelor of Business Administration with an accounting specialization from Algoma University.

Upon assuming her role as CFO, Lara became the youngest ever CFO for the credit union. “As a young person, I’m excited to continue to contribute to my community. This opportunity to work in the credit union helps push the community forward.” Outside of her role with YNCU, Lara is also a board member of the F.J. Davey Home—a long term care facility in Sault Ste. Marie. 

On a weekend afternoon Lara is likely out for a walk with her dog, Kona, or playing a round of golf.

 



Hilary Anderson, CPA, CGA

Chief Human Resources & Support Services Officer

Hilary Anderson is Chief Human Resources and Support Services Officer, where she leads the YNCU HR team and is responsible for Member Support and Payment Services.  She joined YNCU as a member of the Chief Leadership Team in March 2021 after serving on the YNCU Board of Directors from 2011-2020. Hilary holds a Business Accounting diploma from Georgian College and is currently working towards her Executive MBA. 

Hilary is an active volunteer for the Animal Rescue Foundation and sits on the board for Caring Support, a start-up that matches health care employees with health care employers. 

Hilary says her leadership style has grown working with leaders with a variety of strengths and weaknesses. “In my experience, while I’ve worked for leaders that easily fit into my style, I’ve also been put in challenging situations. My hope is that I’ve been able to take the best from all and integrate that into my way of working with others.”

On a sunny weekend you can find Hilary sitting in the backyard around the pool with friends and family, listening to 80’s music and enjoying great food and company.

 



Russ Voutour

Chief Information Officer

Russ Voutour joined YNCU in March 2021 as Chief Information Officer, where he oversees Infrastructure, Enterprise Services, Information Technology Governance, Innovation and Business Technology.

Russ received a degree in Computer Science from the University of Guelph and has worked in the financial services industry for 15 years, including various areas such as digital, analytics and architecture. He was a member of the founding team for Sonnet Insurance, which was Canada’s first digital direct insurance company. Before joining YNCU, Russ was the Head of Technology for TD Insurance.

A big believer in serving his community, Russ held the title of Technology Chair for TD’s United Way Campaign, as he is a supporter of Habitat for Humanity. 

As a leader, Russ believes in the power of diversity and inclusion. “I think diversity within a team leads to diversity of thought—you have to be conscientious about creating an environment that offers opportunities for everyone to contribute.”

On a weekend afternoon you can find Russ cooking wood fired pizza in the backyard or woodworking in his shop.




Marc Rivard

Chief Lending Officer

Marc Rivard is Chief Lending Officer, our Senior Executive responsible for Business Services and Retail Lending. With almost 20 years of lending and financial services experience, Marc came to YNCU after holding various roles at a major financial institution including personal banking, commercial services, sales management and branch management. 

Marc earned an undergraduate degree in Marketing from the University of Guelph and went on to earn his graduate degree, MBA Financial Services, from Dalhousie University. 

Marc credits his leadership skills to growing up in a family of entrepreneurs. “Entrepreneurs are dedicated, take ownership for their actions and must often juggle work and family.  In turn I believe that hard work with a strong empathetic approach to leadership is the key to success.”   

On a sunny Saturday you can find Marc biking with his family or visiting a local restaurant to enjoy some food and drinks.




Archie Bonifacio

Chief Community Officer

Archie Bonifacio serves as Chief Community Officer of YNCU, where he oversees Community Giving, ESG and DEI principles, Marketing and Corporate Communications, Public Relations, and Wealth Management. Archie’s career in financial services began over 20 years ago including leadership roles with a full-service brokerage firm where he was responsible for marketing in Canada and led marketing initiatives in the UK and the US. Archie joined the credit union system in 2013 and served as Head of Wealth for two large Ontario credit unions prior to joining YNCU.

Archie obtained a Bachelor of Science Degree in Psychology from McMaster University and has a Master of Business Administration from Wilfrid Laurier University. His designations include Certified Financial Planner, Fellow of the Canadian Securities Institute and Responsible Investment Specialist. 

As a leader, Archie feels his role is to unleash the potential of his team. “I want to empower my team to do their best and achieve our common purpose. I have also known very generous leaders and I believe there is more to an organization’s purpose than generating profits.”

On a weekend afternoon Archie can be found walking with his wife, his two daughters and his two doodles to his neighbourhood’s Downtown shops where the Doods get dog treats at the pet shop, and the humans get people treats at the café. He also likes to pick up dinner at the local butcher and cheese shop.




Aimee Wagner

Chief Retail Excellence Officer

Aimee Wagner is Chief Retail Excellence Officer, where she leads the YNCU Member Services team and Retail Operations, with a focus on enhancing the retail member experience. She first joined YNCU almost a decade ago and has enjoyed many roles throughout her career, most recently as the VP of Retail Services.

With over 20 years working in business, investment and retail financial services, Aimee has been afforded a unique perspective and is passionate about the YNCU member experience. She has a well-rounded understanding of the business, supported by servicing our members and employees and coming to understand the synergies it takes to deliver a consistent, and supportive journey. Aimee has sat on numerous Boards of Directors including Nurse Practitioners as well as shelters for at risk youth. 

Aimee is passionate about empathetic leadership, and ensuring a team approach that includes collaboration and trust to help create a dynamic experience for staff and YNCU members. She believes that in all jobs we do, and with all people we support, we shouldn’t leave our hearts at home.

On a weekend afternoon you can find Aimee taking in great local music and enjoying time with her two children, as well as her dog, Pickles.

 

 
 
 
 
 
 

​​Book an Appointment Book an Appointment