Alterna Savings Mortgage Rates & Reviews
Alterna Savings Background
Alterna Savings is a credit union founded in 1908 and is the second-largest credit union in Ontario. Alterna offers a variety of financial services from retail banking, mortgages, lending, and wealth management. It has $8 billion in assets and 185,000 members that are serviced through 35 branches.
Alterna Savings Prime Rate
Alterna Savings's Prime Rate is used as the basis for many of Alterna Savings's lending products including variable rate mortgages, lines of credit, and HELOCs. Prime, or P, is normally combined with a spread to make up the final interest rate.
Current Alterna Savings Prime Rate: 2.45%
Alterna Savings Fixed-Rate Mortgages
| Term | Rate | Monthly Payment |
|---|---|---|
1-Year Fixed | 2.79% | $1,853 |
2-Year Fixed | 1.54% | $1,607 |
3-Year Fixed | 2.29% | $1,752 |
4-Year Fixed | 2.69% | $1,833 |
5-Year Fixed | 1.84% | $1,664 |
7-Year Fixed | 5.65% | $2,492 |
10-Year Fixed | 6.05% | $2,589 |
The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.
Alterna Savings Variable-Rate Mortgages
| Term | Rate | Monthly Payment |
|---|---|---|
1-Year Variable | 6.35% | $2,663 |
3-Year Variable | 3.55% | $2,013 |
5-Year Variable | 1.65% | $1,628 |
The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.