Variable Rate Mortgage Solutions

Variable Rate Mortgages are simply the most effective mortgage product available to you in Canada. And our expert mortgage brokers have the know-how and connections to negotiate the best variable rate mortgage on your behalf, whether you’re in a larger center such as Calgary or Edmonton, or a smaller Alberta center.

Since the variable rate mortgage adjusts as the prime rate rises and falls, your mortgage payments will adjust each month as interest rates change. For example, as of March 1, 2010, the best 5-year closed variable rate mortgage is Prime minus .50%

Low Rates & Lock-In Options

While variable rate mortgages represent the inherent risk of your payments potentially increasing, the key is to remember that:

  • from the start, your mortgage payments will be among the lowest available, and
  • your payments could also decrease if the prime rate drops. Although in the current market this isn’t applicable, as rates are currently about as low as they will go.

And should you later wish to lock in your mortgage, you can do so without penalty to any fixed rate mortgage that is equal to or greater than the remaining term on your mortgage.

There are many variable mortgage products available to you, and the easiest way to determine which product suits you best and saves you the most is to
contact one of our friendly mortgage broker agents today.