News

Mar

Consolidating Debt in Retirement with The CHIP Reverse Mortgage

Managing debt is challenging at any age, but it can be especially stressful in retirement when income is limited. Many Canadians turn to debt consolidation to simplify payments and lower interest rates. However, traditional options—such as personal loans, refinancing, or home equity lines of credit—often require a strong credit score and steady income, making them […]

Mar

The Importance of Mortgage Pre-Approval: Why It’s a Game Changer for Homebuyers

Buying a home is one of the most significant financial decisions you’ll ever make. Whether you’re purchasing your first home or upgrading to your dream property, there’s one key step in the process that you can’t afford to skip: getting pre-approved for a mortgage. At Charlene Elliott Mortgages, we understand how important this step is, and […]

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Proudly Rated 5/5 Stars by Our Clients

“I would give her 100 stars if I could. Charlene is the mortgage broker to have in your corner. She helped us 13 years ago when we bought our first home, and once again, she went above and beyond, day after day, to get us into our new home. No matter what challenge arose, she got it settled and here we are, seeing our dream become reality! We will be forever grateful, and she comes with our highest recommendation!
Thank you Charlene for every text, phone call, email and document that you had to make on our behalf. We are so excited to make memories with our children in our new home and neighbourhood.”

Andrea Aucoin, Fort McMurray, Alberta

Current Variable Mortgage Rate

4.45 %

Current Prime Rate

5.45 %

6 Months

Bank Rates: 6.59%

Payment/$100k Rates: $675.29

Our Rates: 6.25%

Payment/$100k Rates: $654.74

Savings: $20.55

1 Year

Bank Rates: 7.39%

Payment/$100k Rates: $724.66

Our Rates: 7.04%

Payment/$100k Rates: $702.89

Savings: $21.77

2 Years

Bank Rates: 6.94%

Payment/$100k Rates: $696.72

Our Rates: 6.69%

Payment/$100k Rates: $681.38

Savings: $15.33

3 Years

Bank Rates: 6.74%

Payment/$100k Rates: $684.44

Our Rates: 6.29%

Payment/$100k Rates: $657.14

Savings: $27.29

4 Years

Bank Rates: 6.59%

Payment/$100k Rates: $675.29

Our Rates: 6.09%

Payment/$100k Rates: $645.17

Savings: $30.12

5 Years

Bank Rates: 6.64%

Payment/$100k Rates: $678.33

Our Rates: 5.59%

Payment/$100k Rates: $615.64

Savings: $62.69

7 Years

Bank Rates: 6.90%

Payment/$100k Rates: $694.25

Our Rates: 6.24%

Payment/$100k Rates: $654.14

Savings: $40.11

10 Years

Bank Rates: 7.05%

Payment/$100k Rates: $703.51

Our Rates: 6.29%

Payment/$100k Rates: $657.14

Savings: $46.36

Terms	Bank Rates	Payment/$100k Rates	Our Rates	Payment/$100k Rates	Savings
6 Months	6.59%	$675.29	6.25%	$654.74	$20.55
1 Year	7.39%	$724.66	7.04%	$702.89	$21.77
2 Years	6.94%	$696.72	6.69%	$681.38	$15.33
3 Years	6.74%	$684.44	6.29%	$657.14	$27.29
4 Years	6.59%	$675.29	6.09%	$645.17	$30.12
5 Years	6.64%	$678.33	5.59%	$615.64	$62.69
7 Years	6.90%	$694.25	6.24%	$654.14	$40.11
10 Years	7.05%	$703.51	6.29%	$657.14	$46.36

News

Consolidating Debt in Retirement with The CHIP Reverse Mortgage

The Importance of Mortgage Pre-Approval: Why It’s a Game Changer for Homebuyers

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Proudly Rated 5/5 Stars by Our Clients