Mortgage loans and lines of credit


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Mortgage loans and lines of credit

Fixed-rate mortgage¹
Type	Term	Fixed rate (%)
Open (1 to 4 units)	6 months	9.150
	1 year	9.150
Open (5 units or more)	6 months	9.150
Convertible (1 to 4 units)	6 months	7.000
Closed (1 to 4 units)	6 months	6.750
	1 year	6.290
	18 months	6.290
	2 years	6.290
	3 years	6.140
	4 years	6.140
	5 years	6.490
	Promotional rate 5 years	5.690
	6 years	7.000
	7 years	7.000
	8 years	7.490
	9 years	7.490
	10 years	7.490

Rates guaranteed 120 days.

Legal notice

1. Subject to credit approval. Certain conditions apply.

High-ratio fixed rate mortgage/APR¹
Type	Fixed rate (%)
5-year closed term	4.59%

Legal notice

1. Certain terms and conditions apply. Rate applicable exclusively to new mortgage loans. A high-ratio mortgage is a loan for which clients have a down payment of less than 20% for the purchase of a residential property. To be eligible for this offer, these customers require mortgage default insurance and to meet the terms and conditions. Rate effective December 21, 2022 and subject to change without notice. For informational purposes only, the Annual Percentage Rate (APR) of 4.74% is based on a loan of $150,000, amortized over 20 years and with a closed term of 5 years. Subject to credit approval. The rate then in effect and offered when the loan is approved is guaranteed up to 120 days after the loan approval date. This offer can be amended, suspended or withdrawn at any time without notice.

Home equity line of credit (1 TO 4 UNITS)
			Minimum rate (%)
Home equity line of credit¹			7.200

Legal notice

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 4 UNITS)¹

Type	Detail	Convertible closed term⁴	Variable rate (%)
Variable-rate mortgage^1,2 1 - 4 units	Prime rate +0.00 % Can be converted at anytime⁴ Fixed or variable payments	3 years	6.700
Variable-rate mortgage^1,3 1 - 4 units	Prime rate -0.00% Can be converted at anytime⁴ Variable payments	5 years	6.700

Rate adjustment factor guaranteed 60 days

Legal notice

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 term is 6.70%. The APR assumes a prime rate of 6.70%
(in effect as of January, 2023) + 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 assumes a prime rate of 6.70% (in effect as of January 26, 2023) - 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.
4. Convertible at any time for a fixed-rate closed term equal to or greater than the remaining term.
APR: Annual percentage rate