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When buying a home, you’re looking for a mortgage with competitive interest rates. With a Laurentian Bank variable-rate mortgage, the interest rate moves with the market. This gives you an opportunity to benefit from a potential rate decrease and can help you save on your dream home.
Talk to an advisorChoose from 3 or 5 year closed.
Set up your payments for monthly, month-end, biweekly or weekly.
Switch to a fixed-rate closed term that’s the same or more than your remaining mortgage term at any time.
The interest rate of the 3- and 5-year term mortgage moves during the term, based on Laurentian Bank's prime rate.
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.
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.
