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Marc Crossman
5-Year Variable Mortgage Rate

2.75%


Rates Updated:  
Rate hold:        Rate hold The rate hold is the time period, between 30-120 days, before your mortgage renewal date you are able to lock in the current mortgage rate. If rates go down further within this period, however, many lenders will honour the lower rate. 90 days
Prepayment options:        Prepayment options Prepayment options outline the flexibility you have to increase your monthly mortgage payments or make a lump sum outlay against your mortgage as a whole. According to the Canadian Association of Accredited Mortgage Professionals (CAAMP), 28% of mortgage holders used one or both prepayment privileges in 2010.
Increase Monthly Payment by:        Increase Monthly Payment by The monthly mortgage payment is calculated based on the mortgage amount, amortization period and the associated mortgage rate. A general affordability rule is that your monthly housing costs should not exceed 32% of your gross household monthly income. 10%
Lump Sum:        Lump Sum Lenders allow you to put a lump sum payment against your mortgage each year ranging from 0%-25%. A 25% lump sum prepayment privilege would allow you pay your mortgage off completely in 4 years. 10%

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About Marc Crossman Dominion Lending Centres

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#107 10903 23rd Ave Edmonton, AB T6J 1X3

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Well Marc we finally got our keys to our new home yesterday. It was all worth it waking up there this morning. Even the dog is happy.Thanks again for your patience and the time that you spent working on our behalf. I appreciated it while we were going through the whole process but I really did this morning when I woke up and realized it was final. Thanks again Marc I am not sure how we would have made it through without your help right down to the sandwiches on the day we moved. We will be calling you again when we move to an acreage.

-Greg & Karen H.