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Contact: Apply Now bre***@a***e.ca reddeermortgagebroker.ca (403) 347-0774 Reviews Write a Review Play Video Working Hours: Mon-Sat: 9am - 9pm Sun: Closed TBRยฎ Inspection Report: CALL CONTACT RED DEER MORTGAGE LENDING 4.8 ( 115) 4915 54 Street, 3rd Floor, Red Deer, AB T4N 2G7 Since 1981


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To qualify for a conventional mortgage you will need a down payment of 20% or more. However, you can qualify for a low down payment insured mortgage with a down payment as low as 5%. Secondly, you will require money for closing costs (up to 2.5% of the basic purchase price).


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Fixed. A fixed mortgage offers you the security of locking in your interest rate for the term of your mortgage, so you know exactly how much principal and interest you will be paying on the mortgage during the term. Terms range from 6 months to 10 years. Fixed rate mortgages offer some form of pre-payment, from 10% to 25% of the original.