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October 30, 2024 Comments Off

In 2024, Edmonton's housing market is experiencing a dynamic shift, primarily due to changing interest rates. For homebuyers, staying informed on these fluctuations is crucial to making wise decisions. At Mortgage Route, we

October 15, 2024 Comments Off

When it comes to selecting a mortgage, the decision between a short-term and long-term option can have significant implications on your financial future. At Mortgage Route, we are dedicated to helping homebuyers in

October 1, 2024 Comments Off

Owning a vacation property in Edmonton is not only a great way to enjoy getaways but also a valuable asset. If you are a homeowner aged 55 or older, a reverse mortgage can

September 15, 2024 Comments Off

Securing a mortgage can be a complex process. To help you navigate through it smoothly, we've compiled a comprehensive list of the essential documents you'll need. This guide will ensure that you're well-prepared

August 30, 2024 Comments Off

Traditional mortgage application processes can sometimes feel restrictive, particularly for those with non-standard employment or credit situations. Fortunately, alternative lenders, also known as B-Lenders, offer a valuable solution for borrowers in Alberta seeking

August 15, 2024 Comments Off

Having a strong credit score is essential for achieving your dream of homeownership in Alberta. Mortgage lenders rely on your credit score to assess your creditworthiness and determine your eligibility for a mortgage,

July 30, 2024 Comments Off

Moving to Canada is an exciting adventure, and for many newcomers, homeownership is a key part of settling down and building a life in this vibrant country. However, securing a mortgage as a

July 15, 2024 Comments Off

Owning or investing in commercial real estate in Edmonton presents exciting opportunities for business ventures and wealth creation. However, securing the right financing can be a complex process, particularly for those unfamiliar with

June 30, 2024 Comments Off

As a homeowner in Edmonton, your mortgage is likely your biggest financial commitment. Refinancing your mortgage can be a strategic way to reduce your interest rate, lower your monthly payments, or access your

June 15, 2024 Comments Off

Traditional mortgages offered by banks and credit unions are a well-established path to homeownership. However, for some Edmonton residents, private mortgages might be a more suitable option. This article, brought to you by

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Current Prime Rate is 7.20

Rates subject to change without notice. *O.A.C. E.& O.E.

TermsBank
Rates
Our
Rates
5 Year Adjustable (high ratio / no pre approvals)6.45%6.10%
3 Year (fixed high ratio / Live deal)5.79%5.29%
5 Year (fixed high ratio / 120 day hold / Live deal )5.44%4.99%
5 Year (fixed rate / high ratio – Borrowed down)5.64%4.99%
2 Year (fixed high ratio)6.49%6.29%
4 Year (fixed rate high ratio)5.69%4.99%
5 Year (fixed rate refinance)6.49%5.79%
Auto Financing8.99%7.99%