Brokers For Life
Toll Free 1.866.902.7771
Real Life Mortgage Solutions www.brokersforlife.ca
Variable Rate Mortgages Calgary - Get Be st Deals & Rates
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
Variable rate mortgages have been around for years, the entire premise is that your mortgage rate is tied to the Bank of Canada rate and every time it moves it effects the amount you are paying on your 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
How Variable Rate Mortgages Work? A variable rate mortgage works like this, if you have a discount of prime minus .50% and the prime rate is 2.70% as it is today then your mortgage interest rate would be 2.20%. If prime goes lower your payment would stay the same and you would be paying more off of your 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
Best Deal for the Average Home Owner in Calgary
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
Variable rate mortgages have a long history of being a better deal for the average home owner because at one point in time discounts were nearly 1% below the prime rate offered. This product is tied to the bank of Canada and the prime rate, fixed rate mortgages are tied to the bond markets and the two don’t always follow the same path.
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
Advantages of Going for a Variable Rate Mortgage in Calgary
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
Some of the best features of a variable rate mortgage in Edmonton are as follows: * These mortgages are tied to a transparent number you can see the Bank of Canada rate just about any time * The penalties on a variable rate mortgage are always never more than 3 months interest payment compared to a fixed rate mortgage whose penalties can be tied to the interest rate differential. * The other great feature is that lenders will allow you to lock into their fixed product without any penalty
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