Photo and business card details widget
Linda James
Agent Photo
TelephoneOffice Phone:
403-650-1796
TelephoneMobile Phone:
403-650-1796
TelephoneFax:
403-247-4200
Email MeEmail:
Add This
Widget that allows you add social media sharing links.
Share Blog
Mortgage Widget
Mortgage Widget Button allowing access to the Mortgage Calculator
Mortgage Calculator

New Page

Friday, June 19, 2015 - How Low will they Go?

Not long ago, in 2008, the mortgage rate in Calgary was 5.39%. This year, we have consistently seen posted rates under 3%. The low rates offer significant opportunities for buyers and sellers alike, but to take advantage of the trend, learn to evaluate your financing options.

Taking advantage of the lowest rates possible allows you to make real strides on interest payments. But if your mortgage is short-term and a variable rate, there is a possibility it could change with the market.

If you are looking to reside in a home for a while or invest in a long-term rental holding property, some lenders offer up to a 10-year fixed rate.  Fixed rates are generally higher than variable, but can minimize uncertainty and the risk of higher interest and payments in the future.

Refinancing an existing mortgage to a lower rate might also help you save. However, you are liable to pay penalties and administrative costs for breaking your mortgage.

A mortgage consultant can assess the specific needs of your situation and guide you in choosing the financing plan that will fit you best.

posted in General at Fri, 19 Jun 2015 15:49:15 +0000

New Page