5% CashBack Mortgage
5% CashBack can add up to a lot of renovations, furniture or appliances, or just a lot of money in your account!
Simply take out a six-year, fixed-rate residential mortgage with us, and we will give you cash in an amount equal to 5% of the mortgage principal, up front.
Just like the 4% CashBack mortgage, the money is yours to spend any way you choose. The larger your mortgage, the greater your 5% CashBack reward.
| Your Mortgage |
Your 5% CashBack |
| $100,000 |
$5,000 |
| $150,000 |
$7,500 |
| $200,000 |
$10,000 |
| $250,000 |
$12,500 |
| $300,000 |
$15,000 |
Pay down your principal and save
The 5% CashBack Mortgage is great for first-time home buyers or current homeowners looking to trade up. You can even use your 5% CashBack to pay down your mortgage.
| Term |
Six years |
| Interest Rate |
Fixed for the full term |
| Financing Available |
Conventional and high-ratio |
| Payment Options |
Weekly, biweekly, semi-monthly, monthly |
| Rapid Paydown |
Payments can be increased by up to 100% over the term without charge |
| Prepayment Option |
Up to 15% each year |
|
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