How Do We Use Our Funds?
Typical financing is a loan secured with a first mortgage on the property and building. Most mortgage amortization periods are 15 to 20 years. The interest rate charged on mortgages is set periodically by the Stewards Canada Board of Directors after considering current and projected changes in the mortgage financing markets.
Stewards Canada will also provide mortgage financing to churches outside Brethren assemblies. This only occurs when a church agrees with our Statement of Faith, has goals that match our Mission, and when funds are not required by Brethren projects. At all times, Brethren assemblies receive top priority.
If you are interested in a Stewards Canada mortgage, go to our Mortgages page.