Cash Back Mortgage
Buying a new home can feel pretty overwhelming. Let us help with a Cash Back Mortgage from Ganaraska to help pay for things like furniture, renovations, your down payment or closing costs
Just How Much Cash Can You Get?
For illustration purposes, the following chart shows you how much you can get based on different cash back levels:
|
On a Mortgage of |
2% Cash back |
3% Cash back |
4% Cash back |
5% Cash back |
|
$75,000 |
$1,500 |
$2,250 |
$3,000 |
$3,750 |
|
$100,000 |
$2,000 |
$3,000 |
$4,000 |
$5,000 |
|
$150,000 |
$3,000 |
$4,500 |
$6,000 |
$7,500 |
|
$200,000 |
$4,000 |
$6,000 |
$8,000 |
$10,000 |
|
$250,000 |
$5,000 |
$7,500 |
$10,000 |
$12,500 |
Available on a Variety of Terms:
Cash back is available on fixed rate closed
term mortgages with terms of 2 to 5 years. And the amount of money you receive
is based on the size and term of your mortgage - up to 5% of its value.
When Do You Get Your Payment?
Your cash back is paid on the date your mortgage is advanced. The money received
from the cash back option is yours to keep so long as the mortgage is held to
the end of its negotiated term
Make yourself at home! Contact one of our Mortgage Specialists or apply on-line NOW!
The Ganaraska Cash Back Mortgage includes: