Current Rates
Todays Prime:2.45  
TermBroker Bank
6 Month: 4.25 4.25
1 Year: 2.54 2.79
2 Year: 2.24 2.89
3 Year: 2.24 3.49
4 Year: 2.24 3.89
5 Year: 1.89 4.79
6 Year: N/A N/A
7 Year: 3.08 5.29
10 Year: 3.53 5.69
   
No Down: N/A N/A
Variable 1: 1.30 N/A
Local: 1 - 403 - 313 - 0606
Toll Free: 1 - 877 - 699 - 0719
Updated: Oct 25, 2021

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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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