Our guide to ATB Financial mortgages
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When it comes to mortgages, there are a lot of things to think about. What’s the interest rate? What’s the term? Do you want a fixed or a variable interest rate?
There are lots of important questions to ask when you’re shopping around for a mortgage. But at the top of that list is without a doubt, "which mortgage lender should you work with?"
Each lender has its own set of pros and cons, so it’s important to understand the differences before you decide which one is right for you. In this review, we take a close look at ATB Financial mortgages and their current rates.
About ATB Financial
Founded in 1938, ATB Financial has grown from one small Treasury Branch, into one of the largest Alberta-based financial institutions. They offer a range of products besides mortgages, such as: operating accounts, credit cards, insurance and letters of credit. In 2021, ATB Financial was recognized as the 3rd best place to work in Canada by Great Place to Work. They have 175 branches which spread over 244 communities province-wide.
Our review of ATB Financial
You can get an online quote from ATB Financial in a few simple steps; their has a clear and concise mortgage section on their website. With five different options to choose from (first-time home buyers, next home buyers, renew or refinance, residential outbuildings and rates), we like how easily accessible their services are. Choose between a wide range of plans, for example, Conventional Mortgage, Insured Mortgage or Loan Protection.
ATB Financial mortgage pros and cons
Here are some of the advantages and disadvantages of ATB Financial mortgages:
Why ATB Financial might be right for you:
24/7 customer service
Prepayment options
Variety of mortgage options
Over 170 branches located throughout the province of Alberta
Why ATB Financial might not be right for you:
You must be a resident of Alberta to be eligible
To find the best mortgage rates, it is important to weigh quotes from different lenders. Subtle differences in the interest rates, term lengths and fine print can mean tens of thousands of dollars over the course of the mortgage. Use our free, online mortgage rates comparison tool today to help you find the perfect provider!
Compare mortgage rates now
What types of mortgages does ATB Financial offer?
Below is a table showing some details about the different mortgage plans ATB Financial offers. Most providers will offer a variety of mortgage options.
| Coverage type | First-time home buyers | Next home buyers |
|---|---|---|
| Cash back | Up to $2,500 | Up to $2,500 |
| Term length | 5 years | 5 years |
| Rate type | Fixed | Fixed |
| APR | 2.94% | 2.96% |
What mortgage rates does ATB Financial offer?
There are two main types of mortgage rates in Canada: fixed and variable rates.
Fixed-rate mortgages are a great option for people who want to know exactly what their interest rate will be throughout the entire course of their loan term. With a variable rate, your payments change based on market conditions. This could mean rates that go up over the course of the term.
Below are some of the mortgage rates ATB Financial offers:
Rate Type | Mortgage Type | Term Length | Rate |
|---|---|---|---|
Client rates | Closed fixed-rate | 1 year | 2.84% |
Client rates | Closed fixed-rate | 2 years | 2.84% |
Client rates | Closed fixed-rate | 30 months | 2.84% |
Client rates | Closed fixed-rate | 3 years | 2.89% |
Client rates | Closed fixed-rate | 4 years | 2.94% |
Client rates | Closed fixed-rate | 5 years | 2.94% |
Client rates | Open fixed-rate | 6 months | 4.50% |
Client rates | Open fixed-rate | 1 year | 4.50% |
Client rates | Open fixed-rate | 2 years | 4.50% |
Client rates | Open variable-rate | 6 months | 3.70% |
Client rates | Open variable-rate | 1 year | 3.74% |
Client rates | Open variable-rate | 2 years | 3.74% |
Posted rates | Closed fixed-rate | 1 years | 4.34% |
Posted rates | Closed fixed-rate | 2 years | 4.34% |
Posted rates | Closed fixed-rate | 30 months | 4.34% |
Posted rates | Closed fixed-rate | 3 years | 4.39% |
Posted rates | Closed fixed-rate | 4 years | 4.44% |
Posted rates | Closed fixed-rate | 5 years | 4.44% |
Posted rates | Open fixed-rate | 6 months | 6.00% |
Posted rates | Open fixed-rate | 1 year | 6.00% |
Posted rates | Open fixed-rate | 2 years | 6.00% |
Posted rates | Open variable-rate | 6 months | 5.20% |
Posted rates | Open variable-rate | 1 year | 5.24% |
Posted rates | Open variable-rate | 2 years | 5.24% |
Want to compare mortgage rates in Canada from other lenders? You can for free, and anonymously right on this website.
Compare mortgage rates now
How do I contact ATB Financial?
There are multiple, specific phone lines you can call in order to get in contact with ATB Financial:
Client service & general inquiries:
1-800-332-8383
Client feedback:
1-844-392-9359
Telephone banking:
1-800-661-9619
You can chat with ATB's virtual assistant on their website, as well as a live ATB Financial Client Care representative:
Monday through Friday - 9:00am to 5:00pm MT
Our ATB Financial mortgage calculator
Want to calculate what your ATB Financial mortgage will look like? We have some tools right here on our website that can help:
Our mortgage payment calculator lets you see monthly payments and gives a yearly amortization schedule.
Our mortgage affordability calculator will help you determine how large a mortgage you can get.
Our mortgage default insurance calculator will tell you how much you'll owe for mortgage default insurance
