Are you on the hunt to buy a home or open a First Home Savings Account? Looking to renew or refinance? Want to get in on some of the best mortgage rates in the Niagara and Haldimand market? PenFinancial can help.
PenFinancial’s mortgage rates are among the best in the market, but you’ll get more than just great rates at PenFi. You’ll get the help and advice you need to grow your home and build your future. You’ll also help your neighbours. Each year we commit a portion of our profits to support truly local initiatives that, in turn, help our communities thrive.
3-Year Fixed¹ High Ratio 5-Year Fixed¹ High Ratio 5-Year Fixed¹ ConventionalWe’ll have a qualified advisor reach out to you shortly. And don’t worry, it’s a no-pressure, no-commission culture here at PenFi! We look forward to chatting more.
A First Home Savings Account is a great way of investing towards your first home. It takes the best aspects of the TFSA and RRSP → you save taxes when you put money into the FHSA, and you don’t owe more tax when you use it to purchase a home!
As it is a registered product (just like the TFSA or RRSP), the rules and limits are set by the Government, not PenFinancial.
Every day, we read how expensive housing is becoming in Niagara and beyond. Compared to the past, buying a home today is significantly more difficult, even when considering inflation and wages.
It’s not all bad… Sarah Bujacz, one of our Financial Advisors , has shared some tips that will help boost your chances of homeownership and build toward the future.
Our Truly Local Commitment is the heart and soul of our philosophy, where we believe the prosperity of our Members and our community go hand in hand. We commit a portion of our profits to support truly local initiatives, a living wage is our minimum wage, and we are a Certified B Corporation – just a few ways we are invested in our community.
1 Rates are subject to change without notice. Additional premiums may apply in cases of a refinance, extended amortizations, non-owner occupied, or other instances where application details may warrant it. A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home. Refinances, renewals and amortization periods of greater than 25 years are ineligible. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. Offer may change or be withdrawn at any time without notice.
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PenFinancial Credit Union is a licensed credit union operating in, and under the laws of the province of Ontario.
