Calgary Mortgage Interest Rates

Latest Calgary Mortgage Interest Rates

If you're looking for the best mortgage rates in Calgary, a broker like First Foundation can help you obtain a better deal than you would get by dealing directly with a bank or other financial institution. This is because your mortgage broker works for you, not for the lender. Your broker will compare available interest rates from many different financial institutions, ensuring you find the best mortgage rates in Calgary.

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Great Mortgage Rates and Personalized Service

When you're looking for a new home in Calgary, First Foundation can help you to secure a great mortgage rate, because your broker has access to many different lenders. They can use this leverage to arrange for lower mortgage rates than financial institutions will usually offer to the general public. And because your broker takes the time to get to know you, First Foundation will help you to find a mortgage that fits your lifestyle and financial situation.

With personalized service from First Foundation, you don't need to waste a lot of time shopping around. Your broker will comparison shop for you and present you with the best options for great Calgary mortgage rates. Your broker doesn't even charge you a fee for the service, since it is compensated by the financial institution for bringing in a new customer.

Types of Calgary Mortgage Rates

Not only can First Foundation help you to secure a great mortgage rate in Calgary, they can also help you arrange a payment schedule that works for your situation. Mortgages in Calgary are available in fixed, variable or adjustable rate mortgage terms. With a fixed rate mortgage, you are locked in to a specified interest rate for a certain period of time. This is great protection should mortgage rates go up; for the length of your term, you won't have to pay a higher interest rate since you've locked in a lower one. On the flip side, you won't be able to benefit if interest rates go down.

Fixed rate mortgages offer security and consistency. For the duration of your term, you will know exactly the interest rate you will be paying on your mortgage.

Variable and adjustable rate mortgages fluctuate with the market. With a variable rate mortgage, you will still owe the same amount for each payment, but the current interest rates will dictate how much of that money is going towards the principal and how much towards the interest. With an adjustable rate mortgage, your payment amount will change as mortgage rates go up and down, so that you are always paying off the same amount of the principal. This allows you to enjoy current market rates while being secure in the knowledge that you'll have your house paid off in a specific period of time.

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Whatever term best suits your needs, First Foundation can help you to ensure you're enjoying the most competitive mortgage rates in Calgary. And if you later want to renegotiate your mortgage rate, your broker can speak to the bank on your behalf, so that you can always have the peace of mind that you're getting the best deal in town.

To learn more about how a broker can negotiate great Calgary mortgage rates on your behalf, contact First Foundation today.

Last updated Feb 11, 2019