| Feature | Cash Promotion Offer* | Cash Back Offer* |
|---|---|---|
| How it works | A small cash incentive based on the size of your mortgage, often provided as part of a lender’s promotional budget. Typically involves a slightly higher interest rate. | Offers a larger cash-back amount directly tied to your mortgage total, provided in exchange for accepting a higher interest rate. |
| Cash amount | Ranging from $500 to $3,000, depending on the mortgage size and term length. Larger mortgages typically qualify for higher incentives. | Can range from $500 to over $10,000, depending on the mortgage amount, lender policies, and chosen interest rate. |
| Impact on interest rate | Usually requires a higher base rate. Rates vary by lender and the size of the cash incentive offered. | Higher rates lead to larger cash amounts, with restrictions often varying across lenders. |
| Things to consider | Cash amounts are typically smaller and linked to the mortgage size. Verify that the higher rate justifies the cash benefit for your needs. | The cash is provided at the expense of a higher rate. Some lenders offer limited flexibility, so comparing options is key. |
| *Conditions and eligibility requirements apply. Early termination may result in cash-back recovery fees. | ||
Tailored Solutions:
We understand that every client’s financial situation is unique. That’s why we take the time to evaluate your specific goals, ensuring you receive the best cash-back mortgage options tailored to your needs.
Expert Guidance:
Our team of experienced advisors is with you every step of the way, from understanding your mortgage needs to helping you select the perfect plan. We simplify the complexities of the mortgage process, so you can focus on what matters most—your new home or investment.
Financial Flexibility:
With access to competitive rates and personalized repayment terms, we ensure your mortgage fits seamlessly into your financial plan. Our cash-back options provide added flexibility to cover immediate costs, whether it’s for home improvements, debt consolidation, or other expenses.
