Since January, Ag lending rates have dropped, and farmers are taking advantage of the benefits and savings of switching their mortgage to Fusion Credit Union.

Here are 5 reasons why you should discuss your Ag Mortgage options at Fusion, even if you hold a mortgage with another financial institution: 

1. The interest rate has dropped significantly

In 2021, Ag lending rates dropped significantly. Fusion’s current rate is *2.99% on a five-year mortgage. Moving your mortgage over to Fusion may translate to significant savings, especially on your interest payments.

2. Fusion has flexible mortgage rates

Fusion members can refinance their mortgage to take advantage of better interest rates by blending their existing rate and the new rate. Our members can also add money to their mortgages whenever they chose to, and we’ll draw up new paperwork.

3. It doesn’t cost to look

Fusion doesn’t charge an application fee for farmers looking to see what the cost benefit would be to switch their mortgage to Fusion. Simply bring us your information, we’ll let you know whether switching your mortgage will save you money, and then it’s up to you if you want to move your business over.

4. Fusion Credit Union is in your neighbourhood

With 18 branches across the Parkland and South Western Manitoba, a Fusion Ag Lender is always available to discuss your needs.

5. The application process is fast and easy

Our Ag/Commercial Lending team is dedicated to understanding our member’s operations and individual requests, and providing solutions in a timely matter. And if you already do some of your banking with Fusion, we only need a couple years of financial information to give you a quote.

Find out if switching your mortgage to Fusion Credit Union is in your best interest. Click here to find your nearest branch, call us toll free at 1-877-226-7957, or email info@fusioncu.com and get a free assessment today.

*Rates subject to change.  For more details, visit https://www.fusioncu.com/en/rates or contact your local branch.