Laurentian Bank is a Canadian financial institution that was founded in 1846. Its major undertaking is to help clients improve their financial health. The organization serves over one and a half million customers throughout the country and employs thousands of employees, which makes it a trusted lender in several market segments.
Laurentian Bank’s Mortgage Rates and products
Laurentian Bank, just like its competitors, offers both fixed- and variable rate mortgages. Moreover, the Bank is one of the few financial organizations in Canada that offer cash-back mortgages. To realistically compete with other leading home equity line of credits, Laurentian Bank offers a unique product known as the Homeowner’s Kit. This product allows clients to take advantage of their home equity to get credit.
Variable-Rate Mortgage – From this type of mortgage, Laurentian Bank offers its customers the lowest market rate available. People or businesses that go for this type of mortgage can leverage on two payment options: variable payment or a fixed payment. That is, you either opt between making variable payments which heavily depend on the fluctuating prime rate or pay a fixed amount during the entire loan period.
Who opts for this mortgage? This type of loan is generally preferred by first-time homebuyers. Additionally, individuals who are not much concerned about rate fluctuations may find it actually interesting.
Fixed-Rate Mortgage – Many clients opt to take this option as opposed to the variable rate mostly because it entails stability. Clients certainly know what to anticipate in future expenses.
Why pick Laurentian Bank as your lender?
- Closed variable rate mortgages
- Closed fixed rate mortgages
- Home equity line of credit
- Cash back mortgage
- Retirement line of credit
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Estimating Laurentian Bank Mortgage payments
In order to estimate your mortgage payments, you should have the following information on hand:
Once you have assembled the above-listed information, you can input them into the Laurentian Bank’s mortgage payment calculator and get your estimated payments.
Get in touch
Acquiring a home on your own can be a mind-numbing job; however, with Laurentian Bank’s aid, this process can become an enjoyable process. Notably, the bank offers fantastic mortgage options which will definitely help you acquire your dream house. Get in touch today for all your mortgage needs.
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…by providing award winning customer service to each and every single client.