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Terms
The loan is secured by way of a mortgage on the property in the amount of the loan. Only 1st and 2nd mortgages will be accepted.
The cost to register the mortgage will be borne by the credit union.
The cost to borrow the Certificate of Title from the organization holding such will be borne by the member.
What you'll need to apply
A valuation on the property, no more than 12 months old
Documentary proof for the loan
Member’s last two pay slips
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