4.2
on Google by our members
Exploring your renewal options could save you thousands.
At YNCU, you’ll get competitive rates, flexible mortgage options, and the ability to switch from variable to fixed later in your term if rates change¹.
Get an additional 0.10% mortgage rate discount⁵ when you move your payroll to YNCU as a new member.
Your mortgage renewal deserves a second look.
Fill out the form below and a YNCU mortgage advisor will help you explore your options.
Helping serve our members since 1950
While it sounds cliché, here at YNCU, our members come first. As a credit union, we don’t have the stock pressures of big banks, so we can prioritize your financial well-being over profit.
Why choose YNCU?
Given the economic uncertainty we’re facing in this country, our job is to make you feel confident about your future. We’ll help you earn, save, and protect your money. We also help the local communities where we do business, because we know the financial health and security of our customers and members require investments at both individual and collective levels.
Here are the top questions our members ask before getting started.
When should I start exploring my renewal options?
Many homeowners begin reviewing their options several months before their renewal date. Starting early gives you more time to compare rates and understand what may work best for your next term.
What’s the difference between a fixed and a variable rate mortgage?
A fixed-rate mortgage locks in your interest rate for a predetermined amount of time, offering predictable monthly payments. A variable rate mortgage is linked to YNCU’s Prime Rate +/- a specified amount, such as our current special of Prime – 0.65%. The prime rate may fluctuate based on market conditions, which could mean lower interest costs if rates go down. Both options are available through YNCU and can be tailored to your financial plan. Speak with a Mortgage Specialist to find the mortgage that works best for you.
Do I need to stay with my current lender when renewing?
No. Many homeowners choose to explore other lenders or credit unions at renewal to compare rates, flexibility, service, and mortgage options that may better fit their current needs. In some cases, transfer or discharge fees may apply when switching lenders, but some financial institutions may help cover part or all of these costs. A mortgage advisor can help you understand your options and any potential fees before making a decision.
Why are more homeowners comparing renewal options now?
For many homeowners, renewal is one of the best opportunities to review whether their current mortgage still fits their financial goals and lifestyle. Comparing your options could help you secure a better rate, reduce monthly payments, access more flexible features, consolidate debt, or adjust your term to better match your plans for the future. Homeowners are also placing greater value on personalized guidance and support throughout the renewal process. Taking the time to explore your options can help you feel more confident in your next mortgage decision and ensure your mortgage continues to support your needs in the years ahead.
Can I switch before my mortgage term ends?
Depending on your current mortgage terms, there may be options available before your renewal date. Our team can help you understand what may make sense for your situation.
What does the additional 0.10% mortgage discount apply to?
New members who move their payroll to YNCU may qualify for an additional 0.10% mortgage rate discount for their term.
Can switching lenders at renewal help lower my payments?
Depending on your situation, exploring different mortgage options may help you lower your rate, improve flexibility, or better manage your monthly payments over your next term.
