Laurentian Bank - feedback?

[Nir]

Hi All,

Any experience working with Laurentian Bank? I received a mortgage approval from them but do not know the bank and found a few discrepancies in the mortgage commitment document.

Thanks,
Neil

 

[MikeMcCrae]

Laurention is a good lender. They have a good second mortgage (HELOC) product on owner occupied property that can be used for buying other rentals.

 

[Nir]

Thank You Mike for the feedback.

Eventually it was the mortgage broker (not the bank) who had to correct a few numbers to be in line with the bank`s mortgage commitment. I learned that when working with a mortgage broker different documents are being prepared - some by the bank some by the mortgage broker. Bottom line, all looks good now.

You are correct - the conditions they offer are good considering the current situation.

Regards,
Neil