DUCA Credit Union

Founded in 1954, DUCA has expanded from a single-branch credit union in Toronto to 19 branches across Southern Ontario and over 93,000 Members they are proud to serve.

DUCA Credit Union provides flexible financial solutions tailored to diverse needs, including HELOC, a rental program, and options for rural and cottage properties. With no stress test required, DUCA offers competitive services for those seeking adaptable financing options.

Special Features:

DUCA Credit Union offers a range of flexible mortgage options designed to meet diverse needs. They provide Home Equity Lines of Credit (HELOC), allowing you to tap into your home's equity for various purposes. Their flexible debt ratios can make it easier for individuals with unique financial situations to qualify. Additionally, they have a rental program tailored for real estate investors. Notably, they also do not require a stress test, which can be a significant advantage for many borrowers. As with any financial decision, it's important to weigh both the benefits and potential downsides to find the right fit for you.

Downsides:

When considering this mortgage lender, it's important to note that they have a limited lending area, which means they may not be able to serve clients in all regions of Canada. This could restrict your options if you're looking for a mortgage in a specific location. Being aware of this aspect will help you make a more informed decision about whether this lender meets your needs.

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