Today's Prime Rate: 2.25%
Closed Variable: Prime - .30
Open Variable: Prime + .80%
TermOur Rate
6 Month Closed4.60%
1 Year Closed2.30%
2 Year Closed2.90%
3 Year Closed3.25%
4 Year Closed3.69%
5 Year Closed3.69%
6 Year Closed4.69%
7 Year Closed4.95%
10 Year Closed5.20%





"Dan has been my mortgage broker for the past 4 years. I have obtained 2 mortgages through him. Dan truly looks out for what is in you best interest. He is very knowledgeable and makes sure that you are going to be comfortable with your mortgage. He can get you an excellent mortgage rate that will suit your needs. dan is a very nice, friendly and easy to talk to person. I would highly recommend Dan, thanks for all your hard work!"

Brad R.
Calgary, Alberta
Refinance

 

Open the Door to a Range of Refinancing Options


With an Absolute Mortgage refinance, you can have access to flexible and affordable refinancing options allowing you to access the equity in your existing home and achieve your financial goals. Many homeowners have built up an abundance of equity in their homes. You can access this equity at a low mortgage rate and use the cash out for many purposes like debt reduction, renovations, business ventures, education sources and real estate investment purposes. You can take advantage of refinancing at lower rates to have a lower mortgage payment. You can refinance to 95% of your property's value and a 40 year amortization's are available.


Features


  • Funds can be used for a variety of purposes
  • Loan-to-Value ratios up to 95% for 1-2 unit residential properties (Maximum additional funds of $150,000 for LTV's of 90.01% to 95%)
  • Loan-to-Value ratios up to 90% for 3-4 residential properties (Maximum additional funds of $200,000 for LTV's up to 90%)
  • Flexible financing options - Single advance, progress advances and extended amortization periods are available

 

Benefits of Refinance


  • Higher Loan-to-Value Ratios - Mortgage loan insurance can facilitate greater access to equity in the home.
  • Flexibility - Flexible terms and conditions to meet a variety of refinancing needs
  • Competitive Interest Rates - Fixed Rates, Variable Rates, Prime Rate
  • Availability - Available coast-to-coast-to-coast with no set maximum loan amount (individual lender maximums will apply)

 

Amortization Options


  • Up to 35 years

 

Borrower Qualification


  • Minimum credit score of 650. Maximum debt servicing ratios of 35/42.

 

Application Premiums
(Owner occupied properties)		 Surcharges
Loan to value Ratio Premium on Total Loan Amount Premium on Increase to Loan Amount for Portability Extended Amortization = Add 0.20% for every 5 years of amortization beyond the 25 year amortization period.

Blended Amortization = For refinance 0.50%

CMHC Line of Credit/Interest Only Mortgages = Repayment Option: 5 Years (5/20) 0.25% 10 Years (10/15) 0.50% Conversion from 5/20 to 10/15 0.35%
Up to and Including 65% .50% .50%
Up to and Including 75% .65% 2.25%
Up to and Including 80% 1.00% 2.75%
Up to and Including 85% 1.75% 3.50%
Up to and Including 90% 2.00% 4.25%
Up to and Including 95% 2.75% 4.25%