B2B Trust, a division of Laurentian Bank of Canada (LBC), has extended its prime + 0.25% HELOC promotion.
At 3.25%, it’s currently the lowest widely-available HELOC rate in Canada. This pricing will reportedly be available for applications submitted through October.
LBC only offers this special through approved brokers.
Rob McLister, CMT
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Last modified: April 28, 2014
Credit cards are willing to offer a lower balance transfer rate for 6 to 12 months. Is the HELOC rate of prime +0.25% a permanent/ongoing rate, or is it a temporary rate which will go back up after a short time (ie 6 months or 1 yr). Thanks. Gary
Is Rob McLister one of the approved brokers, through whom LBC offers this special HELOC rate? Thanks.
Hi Gary, LBC says the prime + 0.25% rate is good “for the life of the loan.” And yes, we have access to that rate along with several other brokers. Cheers… Rob
what is the best rate for 5 years variable mortgage from them (B2B Trust)?