| Current Rates |
| Todays Prime: | 6.70 | |
| Term | Broker | Bank |
| 6 Month: | 5.80 | 7.25 |
| 1 Year: | 6.05 | 7.09 |
| 2 Year: | 5.74 | 6.59 |
| 3 Year: | 4.84 | 6.44 |
| 4 Year: | 5.24 | 6.34 |
| 5 Year: | 4.34 | 6.34 |
| 6 Year: | N/A | N/A |
| 7 Year: | 6.29 | 7.00 |
| 10 Year: | 6.58 | 7.49 |
| No Down: | N/A | N/A |
| Variable 1: | 5.80 | N/A |
| Local: | 1 - 403 - 313 - 0606 |
| Toll Free: | 1 - 877 - 699 - 0719 |
| Updated: | May 01, 2023 |
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Western Canada Mortgage Services
Please choose from the list below, or simply scroll down the page to learn about the various mortgage services we provide.
- Pre Approved Mortgage
- First Time Home Buyers
- Debt Consolidation
- Mortgage Renewal and Transfers
- New to Canada Mortgage
- Variable Rate Mortgage
- Home Loan
- Cash Back Mortgage & Flex Down Mortgage
- Home Equity Mortgage
- Second Mortgage
- Mortgage Refinance
- Equity Mortgage and Secured Lines of Credit
- Self Employed Mortgages, Stated Income Mortgage, No Income Qualifier, or Low Doc Mortgage
- Establish Credit with a Home Trust Secured Visa Card
- Commercial Mortgages
- Reverse Mortgage - CHIP Home Income Plan
- Purchase Plus Improvements Mortgage
Should you have any questions, don't hesitate to call, toll-free: 1-877-699-0719
Pre Approved Mortgage
A pre approved mortgage also know as a mortgage pre approval, allows you to know how much of a mortgage you qualify for and how much of a home loan you can afford. When you pre qualify for a mortgage, you get a guaranteed rate for 120 days. If the mortgage interest rate drops within that 120 days after you are pre approved but before you have taken possession, you will get the lower rate...
Click to Read More | Apply Now!
First Time Home Buyers
Buying your first home can be both exiting and stressful. Let me take the stress away. Having a mortgage broker work on your behalf ensures that the transaction will run smooth. As a mortgage broker, I will match you up with the lender that best suits your needs. With as little as 5% down payment, you will be getting the best mortgage interest rate available. With No Fees being charged to you for the service, what do you have to lose!
Click to Read More | Apply Now!
Debt Consolidation
If you have equity in your home, you may want to take advantage of the low mortgage interest rates to consolidate your debt with your mortgage payment. You would have only 1 easy payment per month which would be less than your existing mortgage combined with your credit card debt...
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Mortgage Renewal and Transfers
Mortgage interest rates have not been this low for many years. We can hold an interest rate for up to 120 days prior to your mortgage renewal. If mortgage interest rates drop within that 120 days after you are approved but before your mortgage closes, you will get the lower rate...
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New to Canada Mortgage
This mortgage makes it possible for individuals relocating to Canada to purchase a home sooner, with as little as 5% down payment...
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Variable Rate Mortgages
A Variable Rate Mortgage is a mortgage that is based on the prime lending rate. This type of mortgage can also be referred to as a floating rate mortgage or an ARM - adjustable rate mortgage. There are many different Variable rate mortgages to choose from...
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Home Loan
When buying a new home you will need a home loan. To get best mortgage interest rates, you will need to put a minimum of 5% of the purchase price towards the down payment. If you have a credit score of 650+ you could qualify for a no down payment mortgage, also referred to as 100 financing or a cash back mortgage...
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100% Financing - No Down Payment Mortgage - Cash Back Mortgage
100% Financing is also referred to as the No Down Payment Mortgage or the 5% cash back mortgage. You could own your own home for what you pay in rent ! If your credit is good and you have been in the same line of work for 2 or more years, you may qualify for the No Money Down Mortgage...
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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...
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Second Mortgage
Sometime a second mortgage is a good option. A second mortgage enables you to have that extra cash that you may need and does not interfere with your first mortgage...
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Mortgage Refinance
If current mortgage interest rates are lower than your existing mortgage interest rate on your current mortgage, then a mortgage refinance might be the best way to go. Your mortgage broker at Western Canada Mortgage will be able to run an amortization schedule to see if you would benefit from mortgage refinancing...
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Equity Mortgage and Secured Lines of Credit
To achieve the best interest rates on an Equity Mortgage, you will want to leave a minimum of 15% equity in your home. This is a great mortgage for someone who may have purchased a home at a lower purchase price than what the home is worth in today's real estate market...
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Self Employed Mortgage - Stated Income Mortgage - No Income Qualifier or Low Doc Mortgage
Stated income mortgages, also referred to as the no income qualifier or low doc mortgage, is a good option for a self employed individual who cannot always prove their income on paper in the traditional way, and who have strong credit...
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Establish Credit with a Home Trust Secured Visa Card
If you would like to establish or re establish your credit, a secured Visa card may be right for you. The Visa company will require a security deposit, which earns interest. You then are given a limit equivalent to that of the deposit...
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Commercial Mortgages
Should you need funds for expanding, restructuring, acquisitions, refinancing, or simply need more working capital - then a mortgage broker should be working on your behalf...
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Reverse Mortgage - CHIP Home Income Plan
A reverse mortgage is secured by the equity in your home. You do not have to make a principle or interest payment for as long as you or your spouse live in your home. You will still have to keep up to date on your property tax. You can borrow up to 50% of the value...
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Purchase Plus Improvements Mortgage
When you are looking to find the house that is right for you, sometimes when you find the house, there is something that you wish was different. Maybe you need a garage, where there is none, or a finished basement. You can add the renovation into the mortgage...
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Apply online today!
Whether you want a Pre Approval, Mortgage renewal, 100% Financing, or are Re Financing, Western Canada Mortgage is here to assist you.