Mortgage Deal of the Week
Say Hello To The Easiest Way To Mortgage
The Week of October 27, 2025
I’m offered rate promotions and specials from dozens of competitive lenders every day, which means my rates can change quickly — even hourly. The key takeaway? I have access to some of the best deals available, but more importantly, I know that choosing the right mortgage strategy for your unique needs is what truly drives long-term financial success.
Five-Year Fixed Rate at 3.99%
This limited-time Alberta mortgage deal is designed for buyers who are paying for high-ratio mortgage-default insurance (have less than 20% down) and/or to borrowers with down payments of 35% of the purchase price (or more).
Please review the details below and contact me if you are interested in applying.
Eligibility & Key Conditions
The terms and conditions of each deal are important to get right:
- Available for purchase or straight renewal transactions of owner-occupied properties where the borrowers will pay for high-ratio mortgage default insurance (CMHC, Canada Guaranty, Sagen).
- Prepayment Flexibility: Borrowers can make lump sum payments of up to 20% of the principal throughout each year of the mortgage term. They can also increase their regularly scheduled payments by up to 20%.
- Portability: This mortgage is portable as long as both transactions occur within same calendar month.
- New applications only.
- Minimum mortgage amount: $100,000.
- Maximum purchase price: $1,375,000.
- Maximum amortization period: 25 years. First-time home buyers may select 30 years.
- Penalty terms: this mortgage comes with a penalty that is the greater of three months interest OR the interest-rate differential (IRD) - whichever is greater. The IRD penalty is calculated using posted rates.
- Minimum Credit Score: 680
Payment Illustration – $500,000 Example
Mortgage Amount: $500,000
Monthly Payment: $2,628
Interest Paid Over Term: $92,838
Balance at Renewal: $435,194
What's Next?
Also check out my daily mortgage rates posted on the Mortgage Rates page.