Is your client a first-time home buyer looking to cover moving costs? Or maybe they're thinking of refinancing and need additional equity? Or perhaps they want to make some home improvements and need funds to jump-start the renovations? Cash Back from B2B Bank could be the solution.
We offer cash back ranging from 1% to 5% of the total mortgage loan amount (to a maximum of $25,000) on fixed rate closed mortgages. Funds can go towards moving costs, repairs and renovations, or investments. The flexibility of Cash Back lets your client decide how much cash back they need, and how to spend it. To be eligible for cash back, borrowers are required to provide proof of down payment.
(The borrower must keep their mortgage loan at B2B Bank for the term stipulated in the contract. If the loan is reimbursed, transferred or becomes delinquent before the maturity date, the borrower is required to reimburse the Bank for the Cash Back amount granted on a pro rata basis of the remaining term. The amount is then added to the Discharge Statement.)
For more details about the program, please download the Cash Back Program Information sheet.
Look Back Rate Guarantee
Our convenient Look Back Rate Guarantee means we do all the rate monitoring for you so you can better serve your clients. Our Look Back guarantees that your client will get the lowest applicable rate available.
We will automatically provide you with the lowest rate for the selected term from the Commitment date until five days prior to the Advance date, based on a rate hold period of up to 90 days.
For more details about the program, please download Look Back Rate Guarantee sheet.
New Construction Extended Rate Guarantee
The New Construction Extended Rate Guarantee Program is available exclusively for new construction, single family, low rise residential mortgages in Canada, excluding Quebec (subject to B2B Bank lending areas and underwriting policies). The program is available for 6-month and 12-month holds from the date of the original commitment.
The program gives you an opportunity to provide your clients with a guaranteed rate that shields them from rising interest rates for up to 12 months.
For more details about the program, please download the New Construction Extended Rate Information sheet.
Purchase (or Refinance) Plus Improvements
Available for owner-occupied homes. The mortgage is based on the value of the purchase or refinance with improvements.
This information is intended for financial intermediaries only.