Laurentian Bank
Although Laurentian bank mortgage offers a couple of unique mortgage products, Laurentian mortgage may or may not be the ideal lender for you or your situation. Laurentian bank mortgage rates seldom earn the top spot for being the most aggressive.
If you are interested in a Laurentian Bank mortgage product or would like to compare other products to Laurentian mortgage rates, please call today or apply online.
Use our mortgage calculator to give you an idea of how much you can afford.
5% Cash Back Mortgage
Laurentian mortgage offers the coveted 5% Cash Back mortgage. This is a great product for first time home buyers with no down payment or savvy investors. Laurentian Bank mortgage offers this product on their 5 year fixed rate mortgage. Because this product is utilized by high-ratio and higher risk borrowers, the product usually carries a premium in terms of rate. The 5 year 5% Cash Back Mortgage rate is usually 1.25% or more higher then their traditional 5 year discounted rate. At these historic lows in interest rates, this is still a fantastic rate for someone who wants to buy a house with very little down payment.
For more information on how to obtain a property with ‘0%’ down, look for the article in the first time home buyers section.
Rental Property Mortgages
Laurentian mortgage offers mortgages for rental properties with up to 5 units.
Residential Construction Financing
Laurentian Bank works with Centria, a company specialized in the administration and financial management of residential construction projects. This company guides you in the initial construction cost appraisal, financing arrangements and daily follow-up, through an advisory approach and effective electronic management tools. The partnership between Centria Commerce and Laurentian Bank streamlines the construction financing process.
Other Laurentian Bank Mortgage Products Available
- High ratio mortgages – up to 95% loan to value
- Rural mortgage
- Home equity line of credit
- Up to 35 year amortization
Laurentian Mortgage Terms Available
| Fixed Rate: | 6, 18 month and 1 to 10 year fixed rate |
| Variable Rate: | 3 + 5 year |
| Convertible: | 6 months |
| Closed: | 3 + 5 year variable rate 6, 18 month and 1 to 10 year fixed rate |
| Open: | 6 month and 1 year fixed rate |
Laurentian Bank Mortgage Payment Options
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Weekly
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Biweekly (accelerated)
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Semi-monthly
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Monthly
Laurentian Bank Mortgage Pre-payment Options
- Double your payments.
- Pre-pay up to 15% each year on the original balance of your mortgage without penalty.