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Best Edmonton mortgage rates. Edmonton mortgage rates are expected to remain low, although some economists believe a moderate rate hike could occur in 2017. Discounted 5-year variable rates from the big banks will likely stay close to 2.70% (Prime-0.0%). Edmonton information. As the fifth-largest city in Canada, Edmonton is known as Canada’s festival city, hosting over 30 festivals each year.
Switch Mortgage Type. Economic conditions change over time, and this is reflected in fluctuating interest rates on typical mortgages. When you first bought your home, you may have opted for the security of a fixed-rate deal, but this may no longer be the most cost-effective option.
Mortgage Calculator; How Much House Can You Afford? This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home’s sale price, the term of the loan desired, buyer’s down payment percentage, and the loan’s interest rate.
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