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We understand our members' needs—like pay grids, pensions, summer cash flow issues, and collective bargaining— better than any other financial institution. Educators will provide you with the best options and greatest flexibility to meet your needs - whether you want to pay your mortgage faster, renovate or build a home.

Today's Rates

4.74%*

fixed

4.45%*

variable

*These are our best rates on 5-year term mortgages. Rates are subject to change, some conditions apply. Speak to a Mortgage Agent for full details.

Not sure what type of mortgage is right for you? Narrow down your options below.

Rates

Today's Rates

4.74%*

fixed

4.45%*

variable

*These are our best rates on 5-year term mortgages. Rates are subject to change, some conditions apply. Speak to a Mortgage Agent for full details.

  • Conventional Closed Mortgage

    Conventional Closed Mortgage

    Do you want a predictable mortgage payment option with a low interest rate and pre-payment options? With a Conventional Closed Mortgage your payments remain the same for the length of the term. This makes budgeting easier and avoids unwelcome surprises when interest rates fluctuate.

    Is a Conventional Closed Mortgage right for you?

    • Lower interest rates.
    • A great choice if you want to pay off your mortgage faster.
    • Lower overall cost of borrowing.

    Helpful tools

    Mortgage Calculator

  • High Ratio Closed Mortgage

    High Ratio Closed Mortgage

    For many, buying a home is an important goal. With today's high real-estate values making a large down payment is more difficult. When your down payment is less than 20% of the property's value, you may be eligible for a High-Ratio Closed Mortgage, making the dream of buying your own home a reality.

    Is a High Ratio Closed Mortgage right for you?

    • Enables first-time homebuyer to purchase a home with a small down payment.
    • You can start building equity in your home sooner.

    Helpful tools

    Mortgage Calculator

  • Investment Property Mortgage

    Investment Property Mortgage

    Buying an investment property can provide you with a regular monthly stream of income, now and in retirement.

    Is an Investment Property Mortgage right for you?

    • You have a large degree of control over the investment, such as where and what you buy.
    • Enjoy a regular stream of monthly income from your rental property.
    • You may be able to use the equity in your home to finance the purchase.

    Helpful tools

    Mortgage Calculator

  • Construction Mortgage

    Construction Mortgage

    Planning to build your dream home or an addition to your home? This mortgage gives you the flexibility to finance construction as you go. You can get advances to pay the cost of building and set options for repayment. (Interest-only during construction, or blended interest and mortgage principal to pay your mortgage faster.)

    Is a Construction Mortgage right for you?

    • Get funding in stages during your construction period.
    • Several repayment options: Interest-only during construction or blend of interest and principal.
    • Ideal for larger construction projects.

    Helpful tools

    Mortgage Calculator

  • Cash Back Mortgage

    Cash Back Mortgage

    Need some help to cover your real estate closing costs? With a Cash Back Mortgage, a percentage of the mortgage's value is rebated to you upon closing.

    Is a Cash Back Mortgage right for you?

    • You will own and occupy the house.
    • You have a good credit score.
    • You would like to use cash for closing costs, some new furniture, etc.

    Helpful tools

    Mortgage Calculator

  • Ready to talk mortgages with us?

    Start your PDF application

    or

    Apply online

    or

    Get in touch with an Agent - Regional Director

Ready to talk mortgages with us?

Start your PDF application

or

Apply online

or

Get in touch with an Agent - Regional Director

Today's Rates

4.74%*

fixed

4.45%*

variable

*These are our best rates on 5-year term mortgages. Rates are subject to change, some conditions apply. Speak to a Mortgage Agent for full details.

Flexibility and options that reflect your needs

Multiple Mortgage Options

We work with numerous lenders to give education members the most flexibility with the best rates.

Amortization up to 30 Years

Reduce your monthly mortgage payments with a 30-year amortization period. Enjoy the financial flexibility that comes with lower monthly mortgage payments.

Ontario Teachers Insurance Plan

OTIP RAEO logo

Car or home insurance renewing soon? OTIP has your back! OTIP’s brokers will find the right coverage for your unique needs at the best value.

Plus, get a $20 gift card of your choice when you get a car or home insurance quote from OTIP!*

Get a quote from OTIP!

*Restrictions apply. See details.

Learn more

Mortgage Protection

The right mortgage + the right protection = peace of mind

Congratulations. You’ve found the place you want to call home. Now that you’ve found it, you have a lot of things to consider. Getting a low rate on a mortgage that’s right for you is one … and Educators Financial Group has Agent – Regional Directors who have the expertise to help. Protecting your home is another. What would happen to your home, and your loved ones, in the case of an emergency? Here’s what you should know.

When it comes to insuring your home, you have a choice

Protect your investment with Mortgage Insurance. Mortgage Insurance is designed to protect you, the homeowner, and the lender in the event of your death. Its use is limited to paying off the balance of the mortgage. It is relatively simple to apply for, and coverage is quick. In most cases, once the mortgage has been approved, your insurance protection starts. Or, you may choose to add it at a later date.

Get professional advice

The type and amount of insurance you own should be part of your overall financial plan, and reflect your unique situation and goals. It’s best to talk to an Agent – Regional Director about the type of protection you need.

Ontario Teachers Insurance Plan

OTIP RAEO logo

Car or home insurance renewing soon? OTIP has your back! OTIP’s brokers will find the right coverage for your unique needs at the best value.

Plus, get a $20 gift card of your choice when you get a car or home insurance quote from OTIP!*

Get a quote from OTIP!

*Restrictions apply. See details.

Learn more

Ready to talk mortgages with us?

Get in Touch With An Agent - Regional Director

Read more about mortgages

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Educators Financial Group partners with a number of lenders (we act as a brokerage), so rates and products are subject to change at any time without notice. Not all programs/features/benefits are available with each lender. Speak to an Educators’ Agent-Regional Director for full details.

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