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Abbotsford and Chilliwack  Mortgage Rates


Disclaimer: These Abbotsford and Chilliwack mortgage rates are subject to change without prior notice.

At Whalen Mortgages Abbotsford and Chilliwack, our commitment is to secure the most favorable interest rates for our clients. We achieve this by establishing partnerships with leading mortgage and non-bank lenders in the Abbotsford and Chilliwack areas. Our substantial volume of business with these lenders earns us discounts, which we then pass on to our customers. This collaborative approach enables Jodi Smith at Whalen Mortgages Abbotsford and Chilliwack to potentially offer lower interest rates than those publicly advertised by your bank.

We place a high value on client education. Our team dedicates time to thoroughly explain the array of available options. When you opt for a low-interest rate through us, there are no surprises with hidden fees. We ensure you understand the terms of your mortgage, such as opting for a lower rate in exchange for a closed mortgage, which may limit your ability to pay off the principal early. We clarify the differences between variable rate mortgages, which typically have lower interest rates, and fixed-rate mortgages, including the associated risks. Our guidance also extends to explaining how different mortgage structures, like combining a home equity line of credit with a standard mortgage, can offer a balance of risk and benefit. For instance, you might select a one-year fixed-rate mortgage that offers the stability of locked-in payments for 12 months, with the negotiation flexibility similar to a standard five-year mortgage.

As your mortgage brokers in Abbotsford and Chilliwack, we are dedicated to providing exceptional service. We accommodate your schedule to ensure that obtaining a mortgage for your next home purchase or renewal in Abbotsford and Chilliwack is a seamless and efficient process.


1 Year Fixed6.69%
2 Year Fixed6.04%
3 Year Fixed4.94%
4 Year Fixed5.04%
5 Year Fixed4.84%
10 Year Fixed6.59%
Variable Rate6.15%













Jodi Smith at Whalen Mortgages Abbotsford and Chilliwack can often find you a lower interest rate on a fixed rate mortgage with non-bank lenders. They simply use their contract rate plus additional margin to offset someone’s risk profile. Variable rate loans have a lower penalty, but your payment changes as the Bank of Canada reassesses its rates every few months. Know that the mortgage interest rate can only go up in quarter of a percent increments. And the bank’s interest rates will always be somewhat higher than the Bank of Canada’s interest rate.

We believe in transparency. You’ll understand the pros and cons of every mortgage product available to you, whether you want to put little to no money down on a new Abbotsford and Chilliwack home or tap into your home equity to make needed repairs and renovations to your Abbotsford and Chilliwack house. Call Jodi Smith at Whalen Mortgages Abbotsford and Chilliwack today to lock in your mortgage rate before you go home shopping. You can reach us at 778-800-0022. And we’re here to help you save money when your Abbotsford and Chilliwack home mortgage is up for renewal.

Fixed mortgage rates vastly differ from a variable rate mortgage if broken early has a transparent penalty of 3 months interest. Call us today or apply online today to get your new Abbotsford and Chilliwack Mortgage started.