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TMG The Mortgage Group
Helping Saskatchewan Make it Home
Saskatoon Mortgage Brokers
At The Mortgage Group, our Saskatoon mortgage brokers are passionate about helping Saskatoon and Saskatchewan residents accomplish the many goals home ownership provides. Whether it's buying your first home, refinancing your mortgage to buy a second home or vacation property, or building wealth by purchasing investment properties we are here to help. Contact a TMG Mortgage Broker today!
Why use a TMG Mortgage Broker
Working with the best has it's advantages
When working with a TMG Mortgage Professional you are working with the largest mortgage volume producer in Saskatchewan. That translates into our clients receiving industry-leading service and products when going through the mortgage process.
Industry leading Experience
Today more than ever it's important to have a professional in your corner when financing a home. TMG has been operating in Canada for more than 30 years and is Saskatchewan's most experienced mortgage brokerage.
BEST RATES
To get the best price on any product or service it is important to shop around. That is exactly what we do for our clients and with access to more than 25 lenders, all fighting for your business TMG clients are always guaranteed the best rates available.
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Think outside the Branch
Types of Mortgages

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 mortgage balance each year, depending on the lender. If you wish to pay off your mortgage in full, there will be a penalty of either 3 months simple interest, or an Interest Rate Differential (IRD). The benefit of this mortgage is the rate is lower than an open mortgage, making it a more popular option if you have no plans to pre-pay it in full during the term you select.

A variable-rate mortgage allows you to take advantage of today's low Prime Rate. Most variable rate products are set below prime, terms range from 1 to 5 years. Payments vary depending on the product or lender you choose. In some cases you can fix your payments for up to 5 years, but the interest rate will fluctuate as the Bank Prime Rate changes. In other cases your monthly payments will fluctuate depending on how many times the Prime Rate changes during your term.

An open mortgage allows you the flexibility to pay off some or the entire mortgage at any time, without penalty. Interest rates are usually higher and are tied to the Bank's Prime Rate.

A secured line-of-credit allows you to access the equity in your home whenever you choose. Rates are tied to prime, usually slightly above prime. Required payment on the balance is interest only, making it a good choice where cash flow may be important. Lower interest rates compared to an unsecured line of credit. You may have a secured line of credit and a mortgage if you have good equity in your home.

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(306) 477-4715 506 Queen Street, Saskatoon SK