Mortgage Rates in Edmonton Alberts – How You Can Take Advantage of Today’s Low Interest Rates

Mortgage Rates in Edmonton Alberts – How You Can Take Advantage of Today’s Low Interest Rates

If you have been keeping an eye on mortgage interest rates, you will know that this is a fantastic time to finance a home. If you are in the market for a new home purchase in the Edmonton area, now is the time to seek out your mortgage broker for the best interest rates seen in decades. There hasn’t been this much excitement in years over such low mortgage rates! Edmonton Alberta mortgage brokers are finding rates today as low as 2.40% on variable loans.

As with any mortgage loan, rates can change virtually overnight. This is why it’s so important to take advantage of these low rates now, while the market is supporting them. Your Edmonton mortgage broker [Link to FA] will be able to steer you toward the best mortgage loan that fits your situation. Whether you are purchasing a new home, refinancing the home you already own, or are ready to renew your current mortgage, you can take advantage of the best deals on your loan by using a reputable broker with years of experience and knowledge of the Alberta real estate market.

Your broker will be able to tell you about the various loan products and interest rates that may be available to you, depending upon your credit and employment history. Variable rate mortgages have rates that may move either up or down, depending upon the Bank Prime Interest Rate over the course of the loan. While this may seem like a risky loan in terms of interest rates possibly rising in the future, this is a great way to enter the mortgage market, especially if your monthly mortgage payments need to be small.

If you qualify for a fixed rate mortgage, now is the time to lock in that low rate with your broker’s help. With a fixed rate mortgage, the interest rate is set and your monthly payment will be stable for the course of your loan. The fixed rate may be slightly higher than the prevailing variable rate, but the rate you sign on for will not change even when other loan’s rates are rising. The security of knowing how much your payments will be month to month is perfect for those who don’t enjoy risk and in this market, where rates can only go up, fixed rate mortgages make the most sense.

If you’d like to refinance your present loan because you entered into it at a higher interest rate, now is the time to do so. You may also consider taking out a Home Equity Line of Credit (HELOC), based on the equity you have in your home. You can then pay off high interest debt such as credit card debt and pay back the loan at a much, much lower rate of interest.

The professionals at will explain every aspect of the various loan products offered. They have the latest interest rate information available to help you make the best decision as to which is the best mortgage vehicle for you. Begin our fast online pre-approval process for your mortgage loan at or give us a call right now at 403-870-2669 to discover how much your monthly payments will be.

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