Short answer: Charlene Elliott is an independent mortgage broker in Fort McMurray with DLC Mortgage Mentors. She shops 30+ lenders for every file and can hold a rate for up to 120 days while you shop, so you see the best rate available for you, not just one bank’s offer. Below are today’s best “rates from” across the lenders she works with.
Updated: October 21, 2026
| Term | Insured (under 20% down) | Insurable and conventional (20%+ down) |
|---|---|---|
| 3-year fixed | 4.39% | 4.59% |
| 5-year fixed | 4.54% | 4.79% |
| 5-year variable | Prime − 1.00% (≈ 3.45%) | 3.55% |
Variable rates are shown against a prime rate of 4.45%. Insurable mortgages can price at or near insured rates depending on the lender, so ask Charlene for your exact figure.
Book a free mortgage check or call Charlene at 780-838-1449 to see the rate you qualify for.
Renewing soon? See mortgage renewal in Fort McMurray. Want to access equity or consolidate debt? See refinancing in Fort McMurray. Buying your first home? See first-time home buyer mortgages in Fort McMurray.
Banks post rates that are usually higher than what they actually lend at. As an independent mortgage broker, Charlene shops 30+ lenders, including banks, credit unions and monoline lenders, and brings you the best fit for your file. Her service is usually free to you on standard residential mortgages because the lender pays the broker.
Insured rates apply when you put down less than 20% and the mortgage has default insurance. Insurable rates apply when you have 20% or more down but the mortgage still meets insurance rules, such as a purchase or switch with a 25-year amortization or less. Conventional rates apply to everything else, such as refinances or amortizations over 25 years. Insured and insurable mortgages often get the lowest rates.
Yes. Many lenders let you hold a rate for up to 120 days with a pre-approval. If rates drop before you close, you can usually get the lower rate, and if they rise, your held rate protects you.
A fixed rate keeps your payment the same for the whole term, which suits buyers who want certainty. A variable rate moves with the lender’s prime rate and often has lower penalties to break early. Charlene runs both options against your budget and plans so you can pick with confidence.
Not always. Your rate depends on your credit, down payment or equity, income, property and term, and rates change often. These are starting points only. A free mortgage check is the quickest way to see the actual rate you qualify for.
Rates are on approved credit (OAC), subject to change without notice, and shown for illustration only. They are not a commitment to lend or a guarantee of any rate. Insured rates require mortgage default insurance, and insurance premiums apply. Rates shown are the lowest available from the lenders reviewed on the date updated and may carry conditions such as term, amortization, closing timeline or property type. Charlene Elliott, Mortgage Associate, DLC Mortgage Mentors. Alberta Lic #00004568.
