Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Fixed Rate Mortgages in Edmonton – Best R ates & Quick Processing
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Fixed rate mortgages can range in years from 1 to 10, each one can have different features and amortization but in the end the desired result is to know exactly what you will be paying for your mortgage for the desired amount of time.
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Why Go For Fixed Rate Mortgages in Edmonton? Fixed rate mortgages are by far the most popular by consumers in today’s markets. Two things have contributed to their popularity. One being today’s rate are at historical lows and second being a rule change by the insuring companies and the government that if you want to qualify with a lower rate you must take a 5 year fixed mortgage.
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Important Features of Fixed Rate Mortgages
If you are taking a fixed rate mortgage you need to be aware of the features that come with it. Sometimes the features are reduced to give you a better rate or the penalties have been increased if you have to break the mortgage. One of the best features is that in most cases you can make lump sum payments to the account throughout the life time or term of the mortgage.
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Understanding Penalties Associated with Fixed Rate Mortgages Penalties on a fixed rate mortgage may vary as well and the longer the term the bigger that penalty might be in the event you need to break the mortgage. Penalties on a fixed rate mortgage come in two forms, one being the 3 month interest and the second being an interest rate differential penalty, its important to check which is more likely to happen on your mortgage should you need to break the term.
Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca
Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
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Brokers For Life Inc. 2nd Floor, 5303 91 Street , Edmonton, Alberta T6E 6E2
www.brokersforlife.ca