Product Name | Laurentian Bank Variable Rate Mortgage with Variable Payments |
Available In | Canada (All Provinces) |
Offered By | Laurentian Bank of Canada |
Product Page | Laurentian Bank Variable Rate Mortgage with Variable Payments |
Rate | 5.15% Rate Decreased from 5.3% to 5.15% on September 15, 2022
 - 1 Year
- 3 Years
- 5 Years
- 10 Years
- All Data
|
Term Length | 5 years |
Fixed Payments | No |
Max Annual Lump Sum Prepayment | 15% |
Max Annual Increase to Regular Payments | 15% |
Payment Schedules | Monthly, month-end, biweekly or weekly payments. |
Additional Notes | Unlike most variable rate mortgages, with this mortgage, payment amounts are not fixed. They vary over the term of the mortgage depending on the prevailing interest rates. |