Variable Rate Mortgages

Variable Rate Mortgages

The variable rate mortgage, or sometimes referred to as the adjustable rate mortgage (ARM), is one of the most popular mortgage products available in Canada. Almost every bank in Canada is currently offering a variable rate mortgage, making it confusing for the average consumer. Basically the variable rate fluctuates with the economy which often leaves you in the guessing game. Does the bank always inform you to lock in at the exact right time? However, The Dave Butler Team at Mortgage Intelligence will make accurate market predictions and keep you up to date via our news letter, so you can make informed decisions.

When prime fluctuates upward, most banks let you lock into a closed mortgage with a fixed rate. This option is always good when rates are rising. However, most banks will only let you convert into a posted fixed rate. As mentioned before, posted rates are not always the best rates on the market. In fact posted rates are usually 1-1.75% higher then rates available through the broker channel.

When you are considering a variable rate, contact us first. On average, the Dave Butler Team will negotiate a Variable Rate of Prime Rate Plus 0.80% for 5 years which is far superior to the banks posted rates. We also contact you with timely professional advice about market behaviors and if you decide to close your variable rate, we will get you the best fixed rate.

Mortgage Intelligence takes the guessing out which product to choose!
• Lowest discount in Canada!
• Guaranteed best rates* when you convert!  

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