First-Time Homebuyer

Investment Property Mortgage

Refinancing

Second Property Mortgages

Other Mortgage Options

MBN provides a variety of mortgage options to meet your first-time homebuying needs. Click on the links to the right to find out more about our different mortgage options.

Real estate investing is an exceptional addition or foundation to any financial portfolio. MBN Mortgage offers sound and creative investment loans and investment property mortgage solutions.

Refinancing your home can provide you with the flexibility to create accessible equity for many other purposes. MBN takes to time to understand your needs and can provide a solution that is right for you.

Second property mortgages are increasing in popularity and many practical uses exist for owning more than one home. MBN Mortgage can assist you in developing the ideal second home mortgage strategy.

MBN Mortgage has a variety of options to meet your mortgage needs. We will work with you to target your needs and provide you with solutions that fulfull these needs.

Prime

3.500%

1 year

3.950%

3 year

5.150%

5 year

4.790%

Jan. 05, 2009

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Looking for the Best Mortgage Refinance Rates in Calgary, AB?

Current Rates

Term	Posted Rate	MBN Rate
Prime	3.500%	3.500%
6 month	7.450%	5.900%
1 year	6.450%	3.950%
2 year	5.990%	5.890%
3 year	6.700%	5.150%
4 year	6.050%	4.640%
5 year	6.090%	4.790%
10 year	7.150%	6.450%
Open	5.500%	4.300%
Variable	4.500%	4.300%

Prime rate is currently 3.500%
Updated: Jan. 05, 2009
*All rates subject to certain terms and conditions, OAC

MBN will get you one of Canada’s best mortgage refinance rates. But first, we must understand the purpose of your mortgage refinance. For many Canadians, unlocking equity is part of an investment strategy, used to complete renovations or as a consolidation loan for higher interest debt. Learning more about the goals of a refinance will help us provide the most appropriate mortgage rate, mortgage loan and strategy for you.

Types of Home Mortgage Refinancing

Home mortgage refinancing can take a number of forms: first mortgages, second mortgages and lines of credit are the most common. It is possible to simply replace your current mortgage with a new mortgage that unlocks your home equity as cash.

Another popular alternative is a home equity line of credit (HELOC) that maintains your current mortgage, but provides access to additional money, as required. This offers a benefit for those who are not using all of the money immediately. With a HELOC, you only pay monthly loan interest on the outstanding balance. A second mortgage also keeps your original, or first mortgage intact, but provides access to equity through a secondary mortgage on the property.

Second mortgage rates, while not typically offered at the best mortgage refinance rates as on a first mortgage, do provide access to capital based on the equity in your home.

Perhaps a Blended Rated is Best for Your Home Loan Mortgage Refinance

What are the mortgage rates for a refinance mortgage? Typically, the same as that available for a home purchase. In some cases, blended rate mortgages can offer the best mortgage refinance rates, especially if your first home loan / mortgage rate is lower than that of current mortgage refinancing rates.

In a blended rate refinance mortgage, the interest rate on your original mortgage and on your refinance mortgage is proportionally blended together to give you an interest rate somewhere in between the two. At MBN Mortgage, we can help this all make sense!