Current Rates
Todays Prime:3.95  
TermBroker Bank
6 Month: 4.60 4.75
1 Year: 3.54 3.79
2 Year: 3.39 3.79
3 Year: 3.33 4.44
4 Year: 3.49 4.59
5 Year: 3.34 5.44
6 Year: N/A N/A
7 Year: 3.89 5.99
10 Year: 4.29 6.59
   
No Down: N/A N/A
Variable 1: 2.95 N/A
Local: 1 - 403 - 313 - 0606
Toll Free: 1 - 877 - 699 - 0719
Updated: Mar 12, 2019

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Home Equity Mortgage

A Home Equity Mortgage is a mortgage based on the equity of your home and not the people purchasing or refinancing a home. This is a great mortgage for someone who may have no credit, slow credit or bad credit. If you are purchasing a home, a minimum of 20% of your home's appraised value will be required for a down payment. If you are refinancing a home, a minimum of 20% of the property value will need to remain in your home for home equity.

Call a broker at Western Canada Mortgage today to discuss if this mortgage is right for you !

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