26 Mar

Chanele discuss’s Fixed vs Variable mortgage rates

Chanele Langevin

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This week Chanele Langevin is our broker of the week here in Grande Prairie at the Dominion Lending Centres HT Mortgage Group. Here she is to answer your questions!

Should I go with a Fixed Rate or a Variable Rate on my mortgage?

Well, let’s talk about each type of mortgage in a little more depth.

What are the benefits and drawbacks of a fixed rate mortgage?

Your interest rate and your mortgage payments won’t change until it’s time to renew your mortgage. The security and comfort of knowing your payments won’t change is valuable to many people. That said, you will likely pay a slightly higher premium to enjoy that peace of mind and, in the event of contract disruption, your penalties may be steeper.

What are the benefits and drawbacks of a variable rate mortgage?

The interest rates offered by variable rate mortgages are typically lower; however, there is no guarantee that your rate won’t change. Therefore, you might save money on interest but that’s not a certainty as rates are unpredictable. That said, keep in mind that your interest rate can often be locked at a fixed rate at any time during your term.

Essentially, your choice to lock in a fixed rate or gamble and take the chance to save thousands of dollars in interest is a personal preference. Your main concern should be: how comfortable am I with uncertainty, and what does my budget allows if the rate floats?

And that is why we’re here! We guide and inform our valued customers so you get the best mortgage product for your family’s needs.

Chanele Langevin, Mortgage Agent
Dominion Lending Centres Ht Mortgage Group
101 10001 100 Ave
Grande Prairie, AB
T8V0V2

2 Mar

Chanele Langevin – Get to know your mortgage agent

Chanele Langevin

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Chanele Langevin- Get to know your mortgage agent

Originally from Montreal, Quebec, I moved to Grande Prairie at the age of 18 seeking new experiences and challenges. After my first year in Alberta, I enrolled in the Grande Prairie Regional College with the business department. After 5 years of late nights and hard work, I was a proud graduate of a Business Management Bachelor's Degree. My professional experience has always revolved around customer service from my first job at age 13 to this day. With a background in sales and finance, it only seemed like a natural transition to jump in the intriguing world of mortgage financing. In my spare time, I enjoy cooking and wine-tasting. I also regularly practice yoga and I make it a personal goal to volunteer as much as I can.

As a new member of the Real Estate Council of Alberta, I recently joined Dominion Lending Centres as a Mortgage Agent. This position comes after launching a career in the automotive industry. In my new role, I will serve as a financial expert to explore financing options for real estate purchases and refinancing. As my main task, I will assist you in negotiating with lenders while representing buyers in the residential and commercial market. I also recently enrolled in a mentorship program that focuses on developing my expertise in the mortgage industry.

Give me a call today and get pre-approved for your next home!

780.876.2707

Chanele Langevin of Grande Prairie

Chanele Langevin enjoying cupcakes with [/caption]