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Our mortgages

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What will my mortgage payments be?

Closed Fixed-Rate Mortgage Loan
The interest rate stays the same until the end of the term and is lower than the open fixed-rate loan. It's the most popular loan.
  • 80%1 financing (95% with mortgage insurance).
  • 6-month and 1- to 10-year terms
  • Rate guaranteed 90 days at time of loan2 (generally). See current rates
Open Fixed-Rate Mortgage Loan
The interest rate remains stable until the end of the term, but allows you to pay back the loan without penalties. Perfect if your property is currently for sale or if you are waiting for an inflow of funds in the short term and are able to make payments on your mortgage loan.
  • 80%1 financing (95% with mortgage insurance).
  • 6-month and 1-year terms
  • Rate guaranteed 90 days at time of loan2 (generally). See current rates
  • Repayment possible at anytime, in whole or in part, without penalty.
"5-in-1" Yearly Fixed-Rate Resetter Mortgage Loan (closed)
You benefit from one of the best fixed rates on the market. Established for a five-year term, the rate is revised annually. Enjoy a rebate guaranteed for the entire term.
  • 80%1 financing (95% with mortgage insurance).
  • 5-year term
  • Rate guaranteed 90 days at time of loan2 (generally). See current rates
Closed Protected Variable-Rate Mortgage Loan
Because this rate fluctuates without exceeding a certain limit, you benefit from rate decreases, while being protected from major rate increases throughout the duration of the term.
  • 80%1 financing (95% with mortgage insurance).
  • 5-year term.
  • Conversion to a fixed-rate loan at anytime.
  • Rate not guaranteed at time of loan. See current rates
Closed Reduced Variable-Rate Mortgage
  • 80%1 financing (95% with mortgage insurance, two units or less, owner-occupant)
  • 5-year term.
  • Conversion to a fixed-rate loan at anytime.
  • Rate not guaranteed at time of loan. See current rates
Open Regular Variable-Rate Mortgage
Guarantees an attractive interest rate because it fluctuates with the prime rate.
  • 80%1 financing (95% with mortgage insurance, two units or less, owner-occupant).
  • 1- and 2-year terms
  • Conversion to a fixed-rate loan at anytime.
  • Non-guaranteed rate at time of loan.
  • Repayment possible at anytime, in whole or in part, without penalty.
Versatile Line of Credit
Ideal to renovate your house, buy a new property, a cottage, car, boat or an RV, invest or meet unexpected expenses. Allows current and future owners to make their dreams a reality.
  • Financing up to 80% of the value of your home. Minimum credit limit: $25,000.
  • Interest is payable monthly.
  • Cash advances taken out against the line of credit can be converted at any time into term loans or separate mortgages in amounts of $15,000 or more.
  • Very competitive interest rate. To find out the interest rate in effect, contact your caisse advisor

The Desjardins mortgage comparison chart can be viewed in PDF format (108 KB) and printed.

What do closed or open loan and fixed or variable rate mean?

How to get this product
Online Online
(Members)
Fill out the form
At the caisse At the caisse
(Members and non-members)
Make an appointment with a caisse advisor:
Documents to bring to your meeting
Through a mortgage representative Through a mortgage representative
(Members and non-members)
Make an appointment for a house call3.
Find the mortgage representative in your area or call 1-877-376-7181 (option 4).

1. % of the smaller of the amounts of market value or property purchase. This percentage varies for second homes that are not accessible year-round.
2. Rate in effect on application date or upon signing mortgage with notary (with lawyer in Ontario).
3. In Quebec only.

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Interest rates

Mortgage loan
As of December 1, 2008
Term
Rate
"5-in-1" Yearly Fixed-Rate Resetter Mortgage Loan
5.30%
5 years (Closed fixed)
6.95%
Reduced variable rate
5.00%
Other rates – Mortgage loan

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