Variable Rate Mortgages

variable rate mortgage allows your clients to take advantage of the fluctuating Prime lending rate – so when the rate drops, a greater percentage of the mortgage payment goes towards the principal amount which can add up to thousands of dollars in savings.

Ideal for People Who Are:

Financially secure and experienced homebuyers
First-time buyers with a flexible budget
Comfortable with rate fluctuations
Buying a property that will be owner-occupied

Highlights:


Term:	3 or 5-year
Rate:	As low as Laurentian Bank Prime minus 0.50%
Conversion:	Mortgages can be converted to a 3, 5, 7 or 10-year fixed rate term at any time free of charge¹
Features:	Portable and assumable
Insurance:	Life and disability insurance
Payment options:	Fixed payment (based on Laurentian Bank’s posted 3-year rate) available on conventional or insured mortgages to 100% loan-to-value² 15/15 prepayment privileges Variable payment payable monthly or at month-end

Next steps:

Click here for today’s rate
Speak with a mortgage specialist
Submit your applications electronically. Our workflow walks you through the process on our end.

¹ Three-year fixed rate term available only on a three-year variable rate mortgage.
² Insured mortgages are available through CMHC only.
B2B Trust distributes and administers broker mortgages for Laurentian Bank of Canada.

At Your Fingertips:

Getting Started: Mortgages
Rates: Mortgage Rates
Fees: Mortgage Fees
Workflows: Mortgages Workflow
Others: Broker Mortgages FAQ