Today's Prime Rate: 3.00%
3 Year VRM: Prime - .70%
5 Year VRM: Prime - .65%
Open Variable: Prime + .80%
Chartered Bench Rate: 5.39%
TermOur Rate
6 Month Closed4.65%
1 Year Closed2.44%
2 Year Closed3.20%
3 Year Closed3.45%
4 Year Closed3.79%
5 Year Closed3.60%
6 Year Closed4.65%
7 Year Closed4.85%
10 Year Closed5.19%





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"Most mortgage companies are cut and dry, but Absolute Mortgage works with you on a personal basis, establishing comfort and trust. Not only does Dan Grant work with you through your mortgage, but he will coach and help you after you've purchased your home. I would reccomend using Absoulute Mortgage to anyone, especially first time buyers like ourselves. Thanks so much Dan for all of your help."

Daniel and Francine F.
Grande Prairie, AB
Stated Income Mortgages

This product is perfect for applicants who are self-employed or salaried and have great credit, but find it difficult to provide proof of income.


The stated income product is designed to allow self-employed or salaried clients an opportunity to purchase or refinance a property that is owner occupied with minimal documentation of income.


Loan Amount - Purchase

  • $50,000 to $600,000 - some exceptions apply

Loan Amount - Refinance / Equity take out

  • $100,000 for debt consolidation
  • $200,000 for property enhancement purposes

Occupancy

  • Owner-occupied


Maximum Loan-to-Value (LTV) Ratio Self-employed

  • 95% on a purchase
  • 90% on a refinance

Maximum Loan-to-Value (LTV) Ratio Salaried

  • 65% on a purchase or refinance

Down Payment

  • Must come from own resources. No gifted down payment allowed and no borroweddown payment allowed.

Maximum Amortization

  • Self-employed 35 years
  • Salaried 25 years

Minimum Credit Score LTV% Insurance Premium
Purchase and Refinance Top up rate
700 90.01 - 95% 6.00% 8.50%
680 85.01 - 90% 4.75% 7.00%
680 80.01 - 85% 2.90% 5.50%
680 <80% N/A N/A