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Variable Rate Mortgages

With a variable-rate mortgage, your rate will be set in relation to Prime Rate. In other words, it may vary from month to month. Historically, variable-rate mortgages have tended to cost less than fixed-rate mortgages when interest rates are fairly stable.

When rates change, your payment amount remains the same. However, the amount that is applied toward interest and principal will change. If interest rates drop, more of your mortgage payment is applied to the principal balance owing. This can help you pay off your mortgage faster.

Apply online using our 30 Second Mortgage Application
http://www.dreyergroup.ca/30-second-mortgage-application/.

or Speak with us TOLL FREE 800.687.9020 throughout BC and Alberta

We are here to help!