Edmonton Mortgage Brokers

Edmonton

Who has your best rates? Edmonton's best mortgage brokers.

At True North Mortgage, we're highly-trained mortgage specialists who know the City of Edmonton and its surrounding area inside and out.

Our mortgage brokers work hard to bring you 5-Star client service and your lowest-possible rates, guiding you through an easy mortgage process. Whether we help you online, over the phone or at our store location, we'll find the right mortgage product that fits you. Add to that your best rate to help save you thousands — it's why we're the top-rated mortgage broker in Edmonton.

Every mortgage situation is unique, and we provide the answers and information to quickly determine your best mortgage solution. And, a great rate doesn't need to mean "no-frills." By doing huge volume, we simply get better rates on the otherwise identical mortgage or premium product.

Visit our store located in downtown Edmonton in the City Centre Mall.

Edmonton City Centre or 1 (587) 400-2799

Edmonton's real estate joins the seller's market trend.

The Edmonton area continues to deal with pandemic disruption, and its housing market joined the rest of Canada's larger cities this past spring with frenzied competition and higher house prices. With a recent cooling of sales and prices, experts are expecting prices and sales to remain relatively stable thanks to historically lower mortgage rates, even as the area continues to deal with the challenges of economic recovery, while keeping an eye on inflationary and industry sector risks.

How are mortgages regulated in Edmonton?

When it comes to mortgage regulation in Edmonton, the Real Estate Council of Alberta (RECA) is the independent governing body that sets, regulates, and enforces standards.

RECA works according to the Real Estate Act of Alberta, which was introduced in 2000. It aims to work on behalf of the consumer to ensure that banks, lenders, and mortgage brokers in Alberta provide the best quality services.

What mortgage insurance is available in Edmonton?

Similar with the rest of Canada, if you buy a home in Edmonton with less than 20% for a down payment (high-ratio mortgage), you must also purchase mortgage default insurance.

Commonly known as CMHC insurance, this type of insurance is available from two private insurers, as well. There are three mortgage insurance providers in Canada: the Canada Mortgage and Housing Corporation (CMHC), Sagen (formerly Genworth), and Canada Guaranty.

This insurance protects lenders should you default on a high-ratio mortgage, but also allows the lower down payment requirements as well as competitive mortgage rates on this type of product.

Once purchased, a premium is added to your mortgage amount, which is factored into your mortgage payments or can be paid in full before the mortgage is advanced.

How our brokers work help you save more on your mortgage.

With so many options to explore, our True North Mortgage brokers understand how daunting it can be trying to find the ideal mortgage on your own. We're here to help make your mortgage experience stress-free — with your best rates and right mortgage product fit.

We deal with several accredited lenders in volume, which means we can often pass along a lower rate, even from your own bank. But more than a better rate, our commitment to you means that we take the time to understand your financial situation and then match you with the right lender. All with no obligation, and fast, friendly mortgage service.

Our mortgage brokers are highly-trained and salaried, which means that their focus is on ensuring the best mortgage at the best rate (for which you qualify), whether a fixed or variable rate. In fact, we can often find a lower rate on a similar fixed-rate mortgage, which can save you thousands over the life of your mortgage.

Whether you're looking to buy, refinance, or renew, we're confident we can find the right solution for your mortgage needs.

Call us today, or apply online to get started.


Get Your Best Rate

Apply online or speak with one of our mortgage brokers today.
We're available at a location near you — or by phone, email, and online chat.

Edmonton Mortgage Rates

Mortgage Rates are different across Canada. Rates are shown based on your location. If you're planning to purchase out-of-province, be sure to choose rates where the property will be located.

Canada Wide Mortgages

True North Mortgage can efficiently complete your mortgage anywhere you are in Canada — online, over the phone or at our store locations.