Concentra Bank will be closed on September 30 for the National Day for Truth and Reconciliation. Read More

Please note that Concentra Bank and Concentra Trust will be closed on Thursday, September 30 for the National Day for Truth and Reconciliation, a day to commemorate the tragic legacy of residential schools in Canada. The National Day for Truth and Reconciliation will be observed as a statutory holiday for employees in federally regulated workplaces, which applies to Concentra.

We will reopen on Friday, October 1, 2021.

How to finance your mortgage with us during the pandemic
June 29, 2020

How to finance your mortgage with us during the pandemic

In March, the Bank of Canada made two rate cuts, slicing the overnight rate to the lowest we’ve seen since the 2008 financial crisis. In fact, we’re seeing some of the lowest mortgage rates in history as financial markets respond to COVID-19. If you’ve been eyeing interest rates and wondering whether it’s a good time to buy or transfer your mortgage, Concentra wants you to know it’s a great time.

Lock in your closed fix rate

During this uncertain time, you may prefer stability and consistent mortgage payments. Consider locking in a closed fixed-rate term, especially when outstanding closed fixed rates are available. This ensures your mortgage payments won’t change throughout your term.

Transfer to Concentra

As major lenders try to keep up with the surge of mortgage applications, some have reportedly raised rates. According to one industry insider, consumers may want to focus on smaller lenders like Concentra to receive great service and lock in the best rate.

Why a mortgage with Concentra

While most major lenders have reduced their business hours, Concentra’s dedicated team has been working longer hours, evenings and weekends during the pandemic to meet consumer needs. Our Mobile Mortgage Specialists are here for you and will talk you through each step of the mortgage process to ensure your biggest investment is worry-free.

We’ll make it simple, easy and safe

During this new era of physical distancing, Concentra has set up processes to ensure you stay safe. Better yet, Concentra will cover some of the costs for qualified customers to switch their mortgage from another lender to Concentra. Our extremely competitive rates could potentially save you hundreds of dollars.

Learn more by speaking with a Concentra Mortgage Specialist today.

The content of this article is provided for general information purposes only. It is not intended to be specific advice regarding legal, accounting, financial, or tax matters on which you should rely. You must obtain more specific or professional advice before taking, or refraining from, any action or inaction on the basis of the content in this article. We accept no liability for any loss or damages arising out of your use or reliance of the information in this article, including liability towards third parties.

© Concentra Bank, 2021
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