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Variable Rate Mortgage

Tuesday, 27 October 2020 / Published in

Variable Rate Mortgage

A mortgage rate that is attached to Prime rate. For example, Prime – 0.25%. If your lender’s Prime rate goes up or down, your mortgage rate will follow. Though Prime rate can fluctuate, your rate’s relationship to Prime will stay constant over your term. Variable rates are usually lower, but they don’t offer the same stability that a fixed rate does.

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Prairie West Mortgage Group Inc. provides advice and solutions for clients wishing to acquire new mortgages with competitive market rates. Products range from mortgages, lines-of-credit and mortgage life & disability insurance plans. We are a mortgage solutions team powered by Axiom Mortgage Solutions.

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