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What is a Closed Mortgage and Why Choose One? When navigating the Edmonton real estate market, choosing the right financing structure is crucial. A closed mortgage, also known as a closed-term mortgage, is one of the most popular choices for homebuyers in Alberta. But what exactly does it mean? A closed…

Edmonton has always rewarded borrowers who plan their mortgage the way they plan their move. In 2026, with slower sales volume, a still-real stress test, and lenders quietly tightening files behind the scenes, that planning matters more than the rate on a billboard. I am Jason Scott, an Edmonton mortgage broker…

Understanding the Prime-Linked Mortgage Advantage When exploring financing options for your Edmonton home, understanding a variable rate mortgage in Canada is essential. Also known as a prime-linked mortgage or simply a variable mortgage, this type of loan offers an interest rate that fluctuates with the Bank of Canada’s prime lending rate. As…

Understanding Portfolio Mortgages and Custom Underwriting When traditional lending criteria do not fit your unique financial situation, a portfolio in-house underwritten mortgage can be the ideal solution. Also known as a portfolio loan, this type of financing is kept on the lender’s balance sheet rather than being sold to secondary market investors.…

Understanding the Reverse Mortgage Canada Program If you are a homeowner in Edmonton, AB aged 55 or older, you might be looking for ways to supplement your retirement income. A reverse mortgage, sometimes referred to as a reverse loan, allows you to convert a portion of your home equity into tax-free cash without…

Understanding Profession-Based Mortgage Programs If you work as a teacher, firefighter, or medical professional, you might be eligible for specialized home financing options. These tailored solutions are commonly known as Profession-Based Mortgage Programs, or simply Professional Mortgages. Lenders often view certain career paths as highly stable, which can translate into unique lending…

Understanding Vacation Cottage-Property Mortgages Owning a peaceful getaway is a lifelong dream for many Albertans. Whether you are searching for a summer retreat or a year-round cabin in the woods, understanding the intricacies of a Vacation Cottage-Property Mortgage is your first crucial step. Often referred to simply as a Cottage Mortgage, this type…