Welcome to elitemortgagechoice.com

Our Mission:

To become the Elite Mortgage Broker choice for Saskatoon, Saskatchewan, and Alberta.

Known for our fine attention to detail, communication with our clients & our referral partners.
Most importantly, our ability to react to anything thrown at us.

We consistently exceed our client's expectation on every file and work seamlessly as a team.


Apply for your perfect mortgage now!

Applying for a mortgage takes only a few moments, and you can be pre-approved and Rate Locked today!
Apply today to start shopping and buying with confidence!

Latest News:

August 19, 2016

Saskatoon Mortgage Broker: Tammy Wandzura: Why the differences in mortgage rates-prepayment penalties & broker lenders vs charted banks

What is a monoline lender









There is so much information available now at our finger tips; it’s easy for the average person to quickly become an expert in any topic including mortgages.

I am guilty of heading to my doctors office with a long list of illness’s I may have self diagnosed with the help of the internet (haha)

We have information available via the internet, our friends that have bought or mortgaged homes and of course our family members.

How do you know what best advice to take or what steps to take??

facts vs myths











The most important factor to keep in mind:  Mortgage rules and the Canadian Mortgage industry can change almost daily.  This could mean changes in mortgage rates, changes in lender policy, changes to grant program guidelines, changes to insurer (CMHC/GE/CG) policy or change in Federal guidelines.

As your Mortgage Broker it is my job to stay up to speed with the every changing Mortgage Market so that I can provide you the very best advice.

Every client is different.  Every story is different.  Every family is different.  Every mortgage need is different.

This means the needs for one client may be vastly different than another.










Are you wanting BALANCE?  Are you wanting the home of your dreams all while saving for retirement, your kids future, vacations etc??

I am here to structure the best mortgage solution for you; so that you have the lowest mortgage rate.  This will allow you to save money for other areas in your life that are just as important as your home.

The BEST MORTGAGE RATE can simply give you extremely affordable mortgage payments (rates are at historical all time lows) so you can SAVE and pay your mortgage off faster!

save money








Prepayment Penalties: doesn’t sound important?

A pre-payment penalty doesn’t sound important until you have to pay it.

Did you know that banks across Canada can charge your penalty in one of two ways if you have a fixed rate mortgag

  1. 3 months interest
  2. Interest Rate Differential “IRD”

They charge whichever calculation is HIGHER.

An “IRD” is charged when rates are lower than the current rate you have

This calculation is not regulated.

Most chartered banks will use higher rates to calculate this – while MONOLINE lenders will generally use discounted to discounted rates.  This typically means the “IRD” penalty would be significantly less.

mortgage lenders








What is a MONOLINE lender? 

This term is pretty vague and ambiguous to non-mortgage brokers and outside industry professionals. Monoline lenders focus just on mortgages.

Chartered banks are required to balance their books at the end of the year.

They have to take in as many deposits (savings accounts, RRSPs, investments etc) as they lend out.  Monoline lenders (or Broker only lenders) only are required by law to lend money out.  They focus and are 100% engaged in mortgages.

They are federally regulated by the same bodies

They are generally investor funded.  This does not mean individuals have invested money that the bank uses to lend for mortgages.  It means big lenders like RBC, National Bank, Home Trust etc are investing in the lenders portfolio.

What does that mean to you?

what does it allmean








It means that as Mortgage Brokers we have access to both chartered banks and monoline lenders

When you apply for a mortgage we are listening to all of your future plans and goals so we can determine what the best lender fit is for you

We are always looking to get you the very best rate available that fits within your specific and very unique circumstances.

outstanding customer service saskatoon







We pride ourselves on simply OUTSTANDING Customer service.

It is the #1 priority at all times.

I look forward to assisting you with your home purchase, refinance or renewal in the near future!

Tammy Wandzura, Mortgage Broker










Current Rates:

1 Yr Closed 2.29 % 2.99 %
2 Yr 2.24 % 2.84 %
3 Yr 2.29 % 3.39 %
4 Yr 2.39 % 3.89 %
5 Yr 2.44 % 4.64 %
7 Yr 2.99 % 5.30 %
10 Yr 3.59 % 6.10 %
Today's Prime Rate: 2.70%
Our Best Rate:
Variable rates change frequently,
contact your mortgage professional for current rates.

Thu 25th of Aug 2016 10:52:11 AM

Please contact us for information on current unpublished rate specials.

What Our Clients Are Saying:

"Tammy was recommended to me, I definitely made the right choice going with her and The Mortgage Group. She was extremely helpful and got me a great rate." -Riley

Join Me On Google+

Tweets by @tammywandzura:

Trusted Mortgage Broker Tips:


Who Doesn't Love a Great Deal?  Spread the Word and EARN!

Why tell your friends, family & colleagues about the Mortgage services that we can offer?

• You will receive a $50.00 Gift Certificate for every successful referral!

• For every referral (successful or not) your name will be added to a referral draw list. Annually I give away a $1,000.00 Travel Voucher to the winner!