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January 28th Mortgage Rates in Alberta - Best Alberta Mortgage Rates

Our best mortgage rates for Grande Prairie, Alberta during the week of Jan 28th, 2019

Megan and Pam’s 10th anniversary

It’s always exciting when we hit a milestone! This week we published the January 28th Mortgage Rates in Alberta and both Megan Lemay and Pamela Lobban have been with HT Mortgage Group for 10 years! We dropped the rate on our 7 year mortgage to celebrate! (Lol well no – we can’t control how lenders price mortgage rates, but it dropped anyway!)

7 year mortgage rate dropped to 3.64%

I’d also like to point out that 7 year fixed mortgage rate – it’s very tempting! Recently lenders have been dropping rates little by little, but for the security of knowing exactly what I’d pay for the next 7 years I would be tempted by that 3.64%.

Of course when you choose to lock in a mortgage for 7 years there are a couple of things you should consider:

  • Will I actually live in my house for 7 years? (There is a penalty to break a 7 year term)
  • Am I sure I won’t want to refinance my house to fund reno’s in the next 7 years?
  • Will I qualify for the lowest rate? (You might need better credit than you currently have)

In conclusion, although 7 year rates provide a lot of security… they are really only suitable for you if you are very settled and content with the home you live in.

January 28th Mortgage Rates in Alberta

Did you know when you go to a national search engine like ratehub or ratefinder – they will show rates that may not be available to you? Maybe you need to live in a Large center like Calgary or Edmonton to qualify, or maybe that  rate just doesn’t like contract income. It’s always better to search mortgage rates with a local company who knows what lenders will accept in your local community – because yes, the do change how they treat borrowers depending on where you live in Canada!

Give us a call today (780) 513-6611 to discuss what mortgage works best for you!

2019 Grande Prairie's Best mortgage Brokers

Celebrating 10 years – HT Mortgage Group has been part of Dominion Lending Centres for 10 years now!

When you want an experienced Grande Prairie Alberta Mortgage Broker for 2019 call Megan or Pam from HT Mortgage Group at 780-513-6611

January 2019 Megan and Pam have been with HT Mortgage Group for 10 years now!