Helping homeownership happen for you
The Borrowed Down Payment Mortgage, unique to Credit Unions, could be the perfect solution to help your dream of home ownership come true—especially for first time home buyers.
Key benefits:
- Borrow to help with all or part of your down payment
- Achieve homeownership without a traditional down payment
- Own a home sooner than the time it takes to save a down payment
Flexible options:
- Your loan can cover your down payment
- Flexible repayment options based on your individual profile – including frequency to match pay schedules via fixed payments
- Pay the loan off as early as you’d like without penalty
Why choose this loan?
It’s convenient
Access funds in many ways, when and where you need it. Set your own schedule and amounts.
It's flexible
With our flexible options, we can lend you your down payment or help with your closing cost.
Make dreams happen
Our cash back offer can help pay back your down payment loan or help with other mortage costs.
Other mortgage features
Do more with your mortgage
Go for more than basic with a variety of mortgages from East Coast CU. Borrow equity from your home to make purchases, or add to your mortgage and renovate when you buy.
Unlock home equity
Home Equity
Line of Credit
Use the equity in your home to make purchases you need. Explore the possibilities while lowering your borrowing costs with this mortgage option.
Features:
- Borrow up to 80% of the value of your home
- Save money with a lower interest rate
- Flexible repayment options
VIEW DETAILS
SEE RATES
Renovate when you buy
Purchase Plus
Improvement Program
Start your DIY right after you buy. Renos don’t have to wait with this flexible solution that rolls costs right into your mortgage.
Features:
- Buy and renovate within one mortgage
- Upgrade immediately after buying
- Fund improvements at lower rates
VIEW DETAILS
SEE RATES
Canada Greener Home Grant
Upgrade with a greener homes grant
The Greener Homes initiative from Efficiency Nova Scotia offers grants of up to $5,000 to help homeowners make energy efficient upgrades to their primary residences. To qualify, Canadians must obtain an EnerGuide assessment prior to installing any upgrades.
See how much you could borrow
Use our loan calculator to determine the amount you can borrow and what your repayment schedule might be.
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.
Tips for homeowners
Advice for your home ownership journey
Already signed on the dotted line? Find tips and tricks about renovations, home maintenance, and financing in the articles below.
Renovating
Looking to
renovate?
Renos don’t have to be stressful. Get useful info on financing options, so all you’ll have to worry about is finding the perfect tile or paint colour.
READ ARTICLE
Home Financing
The Real Home Financing Cost Checklist
This detailed checklist will help you keep track of all the extra costs that sneak up (and add up!) when purchasing a home.
DOWNLOAD CHECKLIST
Home Maintenance
Tips for maintaining your home
Welcome to homeownership, where maintenance is a year-round job. Be prepared for every season, and the changes they bring to your home and your budget.
READ ARTICLE
From navigating buying a home and picking the mortgage that's right for you, I am here to provide honest and transparent expert advice to help members make their dreams come true.
We're here to help
Understand your mortgage options with experts like Anastasiya Kamzeeva
Mortgages can be complicated—know your options with expert guidance from advisors like Anastasiya:
- Understand your options
- Find the best solution for you
- Get the lowdown on mortgage features
- Ask about speciality mortgages
