Mortgages and More: From Blueprint to Front Door

June brings the start of summer and hopefully a lot of sunshine. This is usually a busy season in the real estate market, with more properties going up for sale, new homes being built and new neighbourhoods in development. Housing remains a key priority with the Province of Nova Scotia, who have announced several new residential developments in Sandy Lake and Mount Hope, allowing for more options when purchasing a home.

At CUA, we are dedicated to making your dreams of owning a home a reality. We have several flexible mortgage options to support you, including our Construction Mortgage, No Down Payment Mortgage, Purchase Plus Improvements Mortgage, Mobile/Modular Home Mortgage and Cash Back Mortgage. Each of these options can help individuals and families take the next step towards purchasing a home in a way that works for them.

Our CUAdvice article this month highlights our Construction Mortgage and how it differs from a typical mortgage. There is advice on how to prepare for the first meeting with your Financial Advisor, sharing the importance of a preapproval, the documents required during each phase of construction and outlines the Advance Schedule of payments provided at different phases of construction. This is a unique product that is fully customized for your building process, whether that’s through a contractor or a self-build. 

It has been almost a year since we launched a new online and mobile banking system, and we want to hear from you! Your feedback is very important as it helps us identify areas of focus with the IT system vendor and prioritize our efforts to ensure the system is meeting your needs. Please complete our Digital Banking Survey before June 30, and you can be entered into a draw to win $250. 

June marks our annual Employee Appreciation Week. Each team member plays a vital role in the collective success of CUA and in helping you, our valued members, reach your full financial potential. Whether staff members are working directly with members or in behind-the-scenes support, each of their contributions key to this organization. I want to send a sincere thank you to the entire team for their commitment to our members and to the communities we serve.

As always, if you have any questions about one of CUA’s products or services, please reach out to a member of our team at 902.492.6500, book an appointment online or email us at info@cua.com.

Your CEO,