Fixed Mortgages

Northern Savings’ fixed-rate mortgages are perfect for first-time homebuyers or those that want the security that comes with a fixed interest rate and fixed monthly payments.


  • Finance up to 95% of the value of your home purchase (additional insurance premiums apply to fixed-rate mortgages that are greater than 80% of the value of your home)
  • Access up to 80% of the equity in your current home
  • Choose from our closed term options of 6 months or 1 to 5 years; or pick our 1-year open term


  • Lock into a fixed payment frequency of your choice
  • Prepay up to 20% annually with no penalty
  • Increase your payments up to 100% of your original payment any time during the term