Mortgage Frequently Asked Questions
Buying a house is a big commitment, that is why we want to be here to help you along the way. Look here to find answers on questions you may have when considering a mortgage with PCCU. 

Yes, however becoming a member is easy! When you are a member of Prairie Centre, you also get instant rewards through our member rewards program. 
You will need to provide us with details of your home purchase. If you are not already a member, we will need to create you a membership. View our Home Buyer's Checklist for a comprehensive list of requirements to obtain a mortgage with Prairie Centre.
Our mortgage rates can be found here
There are fees, however they are worked into the cost of the loan unless you request to pay them upfront. Keep in mind there may be additional expenses, such as going through a lawyer or obtaining an appraisal of the home. These can be added to the amount of the loan but are important to not overlook. 
A credit score is not mantatory to apply for a loan, however it may affect your eligiblity. By speaking to one of our Prairie Centre relationship managers, they will be able to look at your overall financial picture and see what will work for you.
Here at Prairie Centre, we set up your payments to work with your schedule. Whether that is weekly, bi-weekly, semi-monthly, or monthly payments, we will find a payment schedule that works with you! 
Different from regular loans, some mortgages allow you to put extra down up to a certain amount on a yearly basis. Making additional payments to your mortgage, no matter the size, helps you pay your mortgage down faster and pay less interest. 
By making additional payments, increasing payment amounts or changing the payment frequency, this will all help you pay your mortgage down quicker!
Getting a new home is a big step! We want to help you understand what these terms mean and what will work best for you. Check out this mortgage basics guide to get an understanding on how mortgages work. 
Once a year on your mortgage, you have the option to skip a months worth of payments and only pay the $25 skip a payment fee! 

Please note, processing times may vary, we require a minimum of 5 business days notice to process this request. Please contact your Relationship Manager for more information on skip a payment. 
Our knowledgeable Relationship Managers are always here to answer any questions you may have. The Canada Mortgage and Housing Corporation also has great resources for home buyers. To check out CMHC, click here
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