A family of three works on a construction project. The mother, wearing work gloves, a tool belt and protective eyewear perched on top of her head, measures a piece of wood while the father and daughter look on.

HOMEOWNER’S KIT

All the tools you need.

If you own your home and are looking for extra money to invest or want to make home improvements, then we have a tool kit to help you out. We call it the Homeowner’s Kit.1

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What’s the Homeowner’s Kit?

If you own at least 20% of your home, you could leverage it to pay back loans, save money and finance new projects.

The Homeowner’s Kit brings together Laurentian Bank’s entire line of mortgage products and line of credit.

As your financing needs change, the kit can give you flexible choices that let you change your financing at any time. That means you can take advantage of new and exciting prospects.

The benefits of the kit.

Easy access to funds.

Get quick and easy access to credit, so you can kickstart your projects.

Streamline to save.

Consolidate your loans and enjoy lower costs.

Customized options.

Each product is unique. It may include several mortgage terms,2 home equity lines of credit,2 or both.

Choose your financing.

Fixed-rate mortgage.

  • With cashback

  • Without cashback

  • Promotional fixed rate3

Variable-rate mortgage.

  • Variable-rate mortgage with variable payments

Home equity line of credit.

Rates that will move you.

We’ve crunched the numbers to show how much you can save with the Homeowner’s Kit. Without the Homeowner’s Kit

Loan product

Mortgage loan

Loan amount

$150,000

Interest rate

3.99%

Monthly interest4

$461

Monthly payment

$906 5

Personal line of credit

Loan amount

$15,000

Interest rate

9.00%

Monthly interest4

$61

Monthly payment

$311 6

Major department store credit card

Loan amount

$5,000

Interest rate

20.00%

Monthly interest4

$45

Monthly payment

$150 7

Car loan

Loan amount

$10,000

Interest rate

7.00%

Monthly interest4

$30

Monthly payment

$197 8

Total

Loan amount

$180,000

Interest rate


Monthly interest4

$597

Monthly payment

$1,564

With the Homeowner's Kit

Loan product

Mortgage loan

Loan amount

$150,000

Interest rate

3.99%

Monthly interest4

$461

Monthly payment

$906 5

Home equity line of credit

Loan amount

$30,000

Interest rate

4.75%9

Monthly interest4

$64

Monthly payment

$314 10

Total

Loan amount

$180,000

Interest rate


Monthly interest4

$525

Monthly payment

$1,220

Annual savings

Loan amount


Interest rate


Monthly interest4

$864

Monthly payment

$4,128

View financing rates

Helpful tips and resources.

Your questions answered.