Mortgage loans and lines of credit



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Mortgage loans and lines of credit

Fixed-rate mortgage¹ (1 to 5 units)


Type	Term	Fixed rate (%)




Open	6 months	6.700
	1 year	6.300

Convertible	6 months	5.500

Closed	6 months	4.400
	1 year	2,890
	18 months	2.890
	2 years	2.840
	3 years	3.390
	4 years	3.890
	5 years	4.740
	Promotional rate 5 years	3.190
	6 years	5.300
	7 years	5.300
	8 years	6.100
	9 years	6.100
	10 years	6.100

Rate guaranteed 90 days.

1. Subject to credit approval. Certain conditions apply.

FIXED-RATE MORTGAGE WITH CASHBACK (1 TO 5 UNITS)

Type	Cashback	Closed term	Fixed rate (%)

Fixed-rate mortgage with cashback calculated on the amount borrowed^1,2	5%	5 years	4.290

1. Subject to credit approval. Certain conditions apply. This offer applies to new mortgage requests and mortgage renewals. It cannot be combined with any other offer and is subject to change without notice. Cashback is calculated according to the amount borrowed and used. The maximum cashback is $25,000.
2. For a $100,000 loan amortized over 25 years with a 5-year term, the APR is 4.29%.

Home equity line of credit (1 TO 5 UNITS)

					Minimum rate (%)

Home equity line of credit¹					3.350

1. Subject to credit approval. Certain conditions apply. Rate based on the Laurentian Bank line of credit base rate. The granted interest rate depends on the financial situation of each client. The variable rate can change without notice.

VARIABLE-RATE MORTGAGE (1 TO 5 UNITS)

Type	Detail	Convertible closed term⁴	Variable rate (%)

Variable-rate mortgage^1.2 1 - 5 units Owner occupied	Prime rate + 0.00 % Can be converted at anytime⁴ Fixed or variable payments	3 years	2.850

Variable- rate mortgage^1.2 1 - 5 units Owner occupied	Prime rate + 0.00 % Can be converted at anytime⁴ Fixed or variable payments	5 years	2.850

Variable-rate mortgage^1,3 1 - 4 units Owner occupied	Prime rate - 0.45 % Can be converted at anytime⁴ Variable payments	5 years	2.400

Rate adjustment factor guaranteed 90 days
1. Subject to credit approval. Certain conditions apply. Subject to change without notice.
2. The APR for a $100,000 loan amortized over 25 years with a 3-year or 5-year term is 2.85%. The APR assumes a prime rate of 2,85% (in effect as of January 29, 2015) + 0.00 % applicable for the duration of the loan. The applicable interest rate will fluctuate with Laurentian Bank’s prime rate for the duration of the loan.
3. The APR for a $100,000 loan amortized over 15 years with a 5-year term is 2.40 %. The APR assumes a prime rate of 2.85% (in effect as of January 29, 2015) – 0.45 % applicable for the duration of the loan. The applicable interest rate will fluctuate with Laurentian Bank’s prime rate for the duration of the loan. The loan cannot be divided into several loans. Minimum amortization 15 years. This offer cannot be combined with any other.
4. Convertible at any time for a fixed-rate closed term equal to or greater than the remaining term.

APR: Annual percentage rate