Umbrella Mortgage

Your mortgage should be a helpful financial tool, not something that hampers your ability to enjoy life. Consolidated Credit Union's Umbrella Mortgage turns your mortgage into a valuable asset - one that can give you more control over your borrowing, now and in the future, and potentially save you hundreds of dollars each year.


Use your Umbrella Mortgage to help you...

  • Pay for children's education
  • Home renovations
  • Buy a new vehicle
  • Purchase a vacation property
  • Help run your small business


Once in place, you decide how and when you'll use your available credit. You get the advantage of secured borrowing rates to finance not only your house, but other things that are important to you.

You can borrow up to 80% of the value of your home and continue to choose from our broad range of products most suitable for your needs.


How it works

  • Secure your borrowing with at least 20% equity in your home.
  • Apply just once to establish your overall borrowing limit.
  • Manage your interest rate risk by splitting your mortgage into two or three different types of mortgages and terms.
  • Choose a combination of Consolidated Credit Union products that suits your needs.


Choose from:

  • Fixed Rate Mortgages
  • Personal Line of Credit
  • Business Line of Credit
  • Personal Loans
  • Term Loans for Business
  • Overdraft Protection

Click Here For Rates



*All loans subject to credit approval and normal credit guidelines.