It's Free to Apply
Cash Back Mortgages are available to all types of borrowers, regardless if you're first-time homebuyer, refinancing, or looking to take advantage of debt consolidation options.
Besides the down-payment, there is no rule for what the money must be used for:
Cash back mortgages are available for 5, 6, 7, or 10 year mortgage term lengths, and are also fixed for the duration of the loan terms, meaning you don't have to worry about variable rates fluctuating with the market.
Upon closing, cash back mortgages will provide borrowers with up to 5% of the mortgage loan amount. This means that the larger your mortgage is, the more money you can receive.
There are limited cash back lenders still available in Alberta.
It's best to apply before this financial vehicle is taken away.
It's important to remember that while the money provided by a cash back mortgage can be very helpful, it is still part of the home loan and must be paid back.
Contact us at 780-880-8880 to find out everything you need to know—or sign up below to get started!
Certain rates or mortgage products require a minimum credit score, loan amount, or down payment amount. A quick closing loan condition may be required (does not apply to mortgage pre-approvals). For more information, contact RateCity by using our online mortgage application.