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You've finally found the city condo of your dreams and you're now a proud owner! Are you familiar with the Laurentian Bank's fixed-rate mortgage with cashback? It's an interesting option for situations just like yours. Read on…


IN A NUTSHELL…
You could receive a cashback of up to $25,000 from the Laurentian Bank to help you realize your dreams with total peace of mind - a highly attractive offer when you're ready to purchase a home and get on with long-postponed plans.

CHARACTERISTICS1

Offer

Fixed-rate mortgage with cashback2 equal to a maximum of 5% of borrowed capital (Various combinations of cashback and interest rate rebates are available).

Terms

5-year closed fixed-rate

Payments

Fixed amounts

Guaranteed rate

Up to 9 month

Option 15 / 15

You can choose to make an additional payment or to increase the amount of your payments. The prepayment opportunity is directly applied to the principal, which in turn diminishes global costs.

  • Additional payments
    Opportunity to pay a sum up to a maximum of 15% of your initial mortgage once a year.

    AND / OR

  • Increased payment amount
    Opportunity to increase the amount of your payments once a year by up to 15%.

Payment frequency

Monthly, month-end, biweekly or weekly payments (accelerated or not).


Summary

This mortgage product is for you if:

  • You're seeking the stability of long term;
  • You're not comfortable with rate fluctuations;
  • Your budget is somewhat tight;
  • You need cash.


This mortgage product is not for you if:

  • You're not quite willing to sign up for a long-term mortgage;
  • You can easily handle short term mortgage rate fluctuations;


This promotion is valid for a limited time period.



Banque Laurentienne


For more information contact :
David Duguay
514 708.5740
david.duguay@banquelaurentienne.ca



1. Subject to credit approval. Certain conditions apply.
2. Cashback is calculated according to the amount borrowed and used. Maximum cashback: $25,000.




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