
VARIABLE-RATE MORTGAGE
Unpack our
best rates.
Unpack our best rates.
When buying a home, you’re looking for a mortgage with competitive interest rates. That’s why a Laurentian Bank variable-rate mortgage, which is based on the lowest available market rate, can help you save on your dream home.
Talk to an advisorThe benefits.
Terms.
Choose from 3 or 5 year closed.
Payment frequency.
Set up your payments for monthly, month-end, biweekly or weekly.
Convertible.
Switch to a fixed-rate closed term that’s the same or more than your remaining mortgage term at any time.
Features.1
Our offer.
The interest rate of the 3- and 5-year term mortgage moves during the term, based on Laurentian Bank's prime rate.
Variable payments.
Variable payments let you make the most of a moving market. They keep your mortgage payments as low as possible, all based on the fluctuating prime rate.
Prepayment options.
Any prepayments you make are directly applied to the principal, lowering your overall costs.
Make additional payments2 to repay up to 15% of the original loan amount once a year.
