OVER 30 YEARS EXPERIENCE
OUR VALUE PROPOSITON
VISIT US

Our Group consists of seasoned Mortgage Professionals and have proven success in providing meaningful solutions to our clients. 

- Save you Money & Time 

- Create Convenience

- Create Awareness

- Finding the Right solution

- Provide Peace of Mind

Unit 202

10114 156 Street NW

Edmonton, Alberta

T5P 2P9

We accept Walk Ins

Fixed Rate vs Open Rate

Fixed Rate Mortgages

Fixed rate mortgages (FRM) are fully Amortized mortgage loan where the interest rate on the note remains the same throughout the term. As a result, the payment amount remains the same for the entire term. Fixed rate mortgages allow borrowers to plan their budget consistently. 

Fixed rate mortgages are related to the yields in the bond market which is effected by the country's political and economic conditions. 

Variable Rate Mortgages

Variable rate mortgages (VRM) or Floating rate mortgage are mortgages where the interest rate fluctuates during the term of the mortgage. The rates coincides with the Bank of Canada's Prime Lending Rate. 

The Government of Canada uses Prime lending rate to adjust for inflation. If the country experiences low inflation, the prime lending rates will remain consistent. If inflation rises, the prime lending rates will also increase with the intention to slow down the activity in the marketplace. 

CALL US

Tel:  780.483.0601 | Fax: 780.484.9558

OFFICE HOURS

Mon - Fri: 10am - 4:30pm

We accept walk ins