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Laurentian Bank offers 5% cash rebate, lowers rates

Laurentian Bank has changed its mortgage rates offers 5% cash rebate. 5 year rate changed from 7.15% to 7.00%. New mortgage rates will be effective as of April 12, 2008. Laurentian Bank now also offers consumers cash rebates of up to 5% on their mortgage. The new product is fixed-rate mortgage with a cash rebate of up to 5% of the amount borrowed. Combined cash and rate rebates are also available.

Other rates have also dropped at Laurentian Bank. 1 year open lowered from 9.30% to 9.10% and 3 year from 7.20% to 7.00%. Contact your mortgage broker for more information.

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