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5% cash back mortgage

get cash back on a fixed rate mortgage with fixed payments

You can choose a 5, 7 or 10 year fixed rate mortgage with 5% cash back.¹ In addition to great low rates you get a 120 day rate guarantee when purchasing a home and generous prepayment privileges to help you pay down your mortgage faster.

how you can benefit from the cash back mortgage:

get 5% cash back² to help pay for things like renovations, furniture, a vacation, or closing costs
choose from 5, 7 or 10-year terms at a fixed interest rate
get pre-approved online, over the telephone or at a pavilion
interest rate guaranteed for 120 days when purchasing and for 60 days when transferring or refinancing³
convenient payment options: weekly, bi-weekly, monthly, semi-monthly, or accelerated weekly and bi-weekly to pay off your mortgage faster
to pay down your mortgage faster, pay up to 20% of your original principal each year
increase your payment amount up to 25% a year non-cumulative
use our "rainy day" option⁴ if you need to skip one scheduled payment each year
get peace of mind with Mortgage Life Insurance, protecting your family from the burden of paying off your mortgage should something happen to you⁵

have questions about mortgages? ask an expert today!

Our Personal Banking Representatives are ready to answer your questions — just call 1-888-236-6362 or visit an in-store pavilion.

more mortgages to meet your needs

already applied?

If you have already applied, you can continue with your saved mortgage application or view your status

Minimum amount for a President's Choice Financial mortgage is $35,000.00. Mortgages are subject to credit approval. Some conditions and restrictions apply.

¹Cash back offer cannot be combined with any other offer. Other conditions and restrictions apply. Ask for details.
²PC points are not earned on the 5% cash back mortgage.
³Rate guarantee is subject to change without notice. Not available on the variable rate mortgage.
⁴"Rainy Day" option only available on a conventional variable rate, fresh cut, cash back or PC points plus mortgage. Interest accrues during the skip-a-payment period. Ask for details.
⁵Mortgage Life Insurance is underwritten by The Canada Life Assurance Company. A detailed summary of the terms, conditions, limitations, exclusions and other provisions are contained in your Certificate of Insurance, which you receive upon enrolment.

^®™PC, PC Financial, President’s Choice, President’s Choice Financial, unbeatable, eatable mortgage and Fresh Financial Thinking are trademarks or registered trademarks of Loblaws Inc. CIBC a licensee of the marks.