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
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)?
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