WITH CREDITMASTER®, IT CAN DO WHATEVER YOU WANT IT TO.
Congratulations! You’ve just found the perfect place to call home. The kind of place that makes you want to hang your hat, paint a room, plant a garden – maybe even grow the family tree. But before we get ahead of ourselves, you still need to find that perfect mortgage. That’s when it hits you. For all the paperwork, procedures and expenses, your average mortgage is the farthest thing from perfect. The terms are rigid. The features are underwhelming. And short of paying it off, you can’t really do anything with it. That is, unless your mortgage is a CreditMaster®.
IT'S FLEXIBLE AND READVANCEABLE.
When it comes to choosing the mortgage rates and terms that suit you best, CreditMaster® keeps you flexible. Stuck between a fixed and variable rate mortgage? Now you can choose both. And if you want to stagger their maturity dates, you can do that too. You can even move some of your mortgage into a home equity line of credit, paying as little as the monthly interest, or as much as you want. Of course, this flexibility doesn’t end with your mortgage payments. With a CreditMaster® mortgage, the money paid towards your principal can be readvanced. In other words, the money you pay toward your mortgage is money you can still use – wherever and whenever the need arises.
IT'S THE ONLY LOAN YOU'LL EVER NEED.
The option to readvance makes CreditMaster® a powerful financial planning tool, and much more than a mortgage. Simply put, CreditMaster® allows the equity in your home to work for you today, which can really help you open a lot of new doors in your life. As property values go up and the outstanding balance of your mortgage goes down, your borrowing power increases – allowing you to attach new loan products like Term Loans or a Home Equity Line of Credit (HELOC) to your existing CreditMaster®.
To help you finance a car purchase, a family vacation or even an investment property, you can attach additional fixed or floating Term Loans to your CreditMaster® with the same or separate repayment terms. Or you can set up a Home Equity Line of Credit to help you prepare for the unexpected and fund ongoing projects like a renovation to your home. You draw on funds as you need them, and pay interest only on the balance used. Without having to pay any additional legal fees, you can tie these new loans to low mortgage rates and terms – whatever works best for you. Added up, this can save you thousands of dollars (and countless headaches) over your lifetime.
IT'S WHATEVER YOU WANT IT TO BE
Truth is, there’s no right or wrong way to use your CreditMaster® mortgage. One person might choose to leverage their borrowing power to consolidate debt, buy a dirt bike and build a cabin, while another could use their CreditMaster® as a conventional mortgage and nothing more. Whether you choose to borrow a little, a lot or nothing at all, you’ll always have the security of knowing you can. So now that you know what CreditMaster® can do, what will you do with it? The answer is entirely up to you, and that alone is enough to set CreditMaster® apart from every other mortgage out there. One thing’s for sure – it will suit you perfectly.
Understanding that a mortgage is one of the largest financial investments you’ll ever make, CreditMaster® was designed to “pay dividends” at every stage of your life – from saving you money and improving your financial flexibility, to helping you fund things like a home renovation, a trip around the world, a better education for your kids or a retirement spent on a llama farm in the tropics. Not into shearing llamas? No problem. Because a CreditMaster® mortgage amounts to whatever you choose to make of it. Which makes every CreditMaster® one thing in particular…
To view a video on the Creditmaster Mortgage, click the link below to view a Youtube video!
The Directors, Management and Staff wish everyone a very happy and safe Family Day weekend!
All Branches are open regular hours on Friday February 10th, and then closed on February 11th and 13th.
Regular hours will resume on Tuesday February 14th.
Enjoy your weekend!
If you are a 'BVCU Mobile App' user, the procedure for logging in has changed.
When you attempt to log in for the first time, there will be an error message - which is shown in the full story - which explains that you must add a '0' in front of your current 6 digit login. Once you have done this, you will be able to log in as usual.
If you use 'Memorized Accounts' or 'Remember Me', you will need to 'Select Other Login' and continue in the same manner as above to create a new saved login with 7 digits. If you have 'Saved Logins' with only 6 digits under 'Settings' you MUST delete those.
Starting today, you will be required to enter the last 7 numbers of your MemberCard, rather than the 6 you currently use. This means adding a '0' in front of your existing 6 number login.
There will be no change to your Access Code (PAC)
Our staff will be happy to answer any questions you may have regarding this change.