Variable-Rate Mortgages

A variable-rate mortgage, also known as an adjustable-rate mortgage (ARM), is a type of mortgage where the interest rate can fluctuate over the term of the loan. Unlike fixed-rate mortgages, where the interest rate remains constant, variable-rate mortgages offer flexibility and the potential for lower initial interest rates. This page provides an overview of variable-rate mortgages and highlights the key features and benefits they offer.

Key Features of Variable-Rate Mortgages:

Adjustable Interest Rates: With a variable-rate mortgage, your interest rate is tied to a specific benchmark, such as the prime rate or the lender’s prime rate plus a set percentage. The interest rate can change periodically, typically based on changes in the broader financial market or fluctuations in the benchmark rate.
Initial Lower Interest Rates: Variable-rate mortgages often come with an initial period, commonly known as the “fixed-rate period” or “teaser rate,” where the interest rate is lower than the prevailing rates for fixed-rate mortgages. This initial lower rate can provide potential savings on your monthly mortgage payments during the specified period.
Potential for Rate Decreases: Variable-rate mortgages offer the possibility of benefiting from decreasing interest rates. If the benchmark rate decreases, your mortgage interest rate and monthly payments may decrease as well, resulting in potential savings over the term of your mortgage.
Flexibility: Variable-rate mortgages provide flexibility, allowing you to take advantage of changing market conditions. For example, if you anticipate interest rates to decline further, you may choose a variable-rate mortgage to benefit from potential rate decreases. Additionally, variable-rate mortgages often come with prepayment privileges, allowing you to make extra payments or pay off your mortgage faster without penalties.
It’s important to note that variable-rate mortgages come with some level of risk, as the interest rate can increase over time. Factors such as economic conditions, changes in the benchmark rate, and lender policies can influence the fluctuations in your mortgage interest rate.
At Esto Mortgage, we understand that choosing the right mortgage option is a significant decision. Our experienced mortgage professionals are here to guide you through the process, explain the features and risks associated with variable-rate mortgages, and help you make informed decisions based on your financial goals and risk tolerance.
Contact us today to discuss your mortgage needs, explore variable-rate mortgage options, and determine the best mortgage solution for your unique circumstances. Our dedicated team is committed to providing personalized service, competitive rates, and reliable advice to help you achieve your homeownership goals.

How We Can Help:

Our experienced team of mortgage professionals is dedicated to helping you navigate the complexities of the FSWP. Here’s how we can assist you:

Take the first step towards your Canadian dream by exploring the opportunities offered by the Federal Skilled Worker Program. Contact us today today to learn more about how we can assist you in achieving your goal of permanent residency in Canada through the FSWP.

Need a Visa Application?

Free and Quick Mortgage Approval

FAQ Form

Mortgage process made easy

Membership with these reputable organizations demonstrates our adherence to strict codes of conduct, ongoing professional development, and continuous education. It also serves as a testament to our credibility and the quality of service we provide to our valued clients.
0 +

Satisfied Client

0 +

Multiple Locations

0 % +

Success Rate

0 + +


"Estro Mortgage truly stands out in the mortgage industry. Their consultants are not only knowledgeable but also compassionate. They took the time to understand my unique situation and provided tailored solutions that best suited my needs. Their expertise and commitment to excellence are unmatched, and I am grateful for their unwavering support. I highly recommend Estro Mortgage to anyone in need of mortgage services."


"Choosing Estro Mortgage was the best decision I made for my Canadian mortgage journey. Their consultants guided me with expertise and patience, addressing all my concerns and providing timely updates. Their personalized approach made me feel valued as a client. Thanks to Estro Mortgage, I am now happily settled in Canada. I highly recommend their services."

Raveena K

"Estro Mortgage played a crucial role in helping me navigate the complex Canadian mortgage system. Their team provided me with accurate and up-to-date information, ensuring that my application was strong and well-prepared. Their professionalism and attention to detail gave me the confidence I needed throughout the process. I highly recommend Estro Mortgage to anyone seeking reliable mortgage services."

Rakesh S

"I cannot express enough gratitude to Estro Mortgage for their outstanding services. From the initial consultation to the final visa approval, their consultants were incredibly knowledgeable and dedicated. They went above and beyond to ensure that my application was prepared meticulously and submitted on time. I am now living my Canadian dream, all thanks to Estro mortgage ."

Lisa M

"Thanks to estro mortgage , I successfully achieved my goal of immigrating to Canada. Their team of experts provided me with excellent guidance and support throughout the entire process. They were thorough, professional, and always available to answer my questions. I highly recommend estro mortgage to anyone looking for a trusted mortgage partner."

Sarah L