- 201 Millway Ave #17, Concord
- support@mortgagesquad.ca
Need cash back on your variable-rate or fixed-rate mortgage? Mortgage Squad Canada has flexible options designed to support your financial goals.
A Cash-Back Mortgage gives you a percentage of your total mortgage amount back in cash on closing. This upfront cash can help you manage essential expenses and ease your transition into homeownership. Many Canadians use their cash back for:
Whether you’re a first-time homebuyer, moving up to your next property, or looking for extra financial breathing room, a cash-back option gives you convenience, flexibility, and peace of mind.
Mortgage Squad Canada proudly offers cash-back options on both:
For years, our advisors have helped Canadians access flexible cash-back solutions through trusted lending partners and in-house programs. Our team compares multiple offers to match you with the best cash-back amount and mortgage rate for your financial needs.
Standard mortgage qualification rules and restrictions apply.
| Feature | Cash Promotion Offer* | Cash Back Offer* |
|---|---|---|
| How it works | A small bonus you get for signing up. It’s usually offered for a short time and often comes with a slightly higher interest rate. | A bigger cash amount you get at closing. The more cash you want, the higher the interest rate you agree to. |
| Cash amount | Usually $500 to $3,000, depending on your mortgage size. | It can be $500 to over $10,000, based on your mortgage amount and lender options. |
| Impact on interest rate | The rate is usually a bit higher than normal. | Higher rates lead to larger cash amounts, with restrictions often varying across lenders. |
| Things to consider | Great if you want a small boost right away, just check that the rate still makes sense for your budget. | Gives you more money upfront, but make sure to compare lenders since every lender has different rules and limits. |
| *Conditions and eligibility requirements apply. Early termination may result in cash-back recovery fees. | ||
