Cash Back Mortgages

A cash back mortgage is a unique type of mortgage product that offers borrowers a lump sum cash payment at the time of closing. This cash amount is typically a percentage of the mortgage principal and can be used for various purposes, such as covering moving expenses, consolidating debt, or making home improvements. This page provides an overview of cash back mortgages and highlights their key features and benefits.

Key Features of Cash Back Mortgages:

Key Features of Cash BUpfront Cash Payment: The primary feature of a cash back mortgage is the upfront cash payment provided to the borrower at the time of closing. The cash amount is determined based on a percentage of the mortgage principal, and it can range from 1% to 7% or more, depending on the lender and the specific mortgage product. ack Mortgages:
Flexibility in Use: The cash received from a cash back mortgage can be used at the borrower’s discretion. Whether you need funds for immediate expenses, want to consolidate high-interest debt, or wish to invest in home renovations, the cash back amount provides the flexibility to meet your financial goals.
Incorporation into Mortgage: The cash back amount is typically incorporated into the mortgage principal, meaning it is added to the total amount borrowed. This results in a slightly higher mortgage balance and may lead to slightly higher monthly mortgage payments. However, it eliminates the need for borrowers to secure additional financing separately.
Interest Rate Considerations: Cash back mortgages often come with slightly higher interest rates compared to traditional mortgages without cash back options. This is because the lender is providing the upfront cash payment and, therefore, assumes some additional risk. It’s important to carefully weigh the benefits of the cash back amount against the potential long-term impact of the higher interest rate.
Eligibility Requirements: Lenders may have specific eligibility criteria for cash back mortgages, including credit score requirements and maximum loan-to-value ratios. It’s important to consult with a mortgage professional to understand the specific qualifications and determine if a cash back mortgage is suitable for your financial situation.
At Esto Mortgage, we can help you explore cash back mortgage options and guide you through the process. Our experienced mortgage professionals can provide personalized advice, help you compare different cash back mortgage products, and assist in determining if it aligns with your financial objectives.
Contact us today to discuss your mortgage needs, including the possibility of a cash back mortgage, and receive expert guidance tailored to your unique circumstances. We are committed to helping you make informed decisions about your mortgage financing, ensuring that you choose the right solution to achieve your homeownership and financial goals.

Need a Visa Application?

Free and Quick Mortgage Approval

FAQ Form

Mortgage process made easy

Membership with these reputable organizations demonstrates our adherence to strict codes of conduct, ongoing professional development, and continuous education. It also serves as a testament to our credibility and the quality of service we provide to our valued clients.
0 +

Satisfied Client

0 +

Multiple Locations

0 % +

Success Rate

0 + +


"Estro Mortgage truly stands out in the mortgage industry. Their consultants are not only knowledgeable but also compassionate. They took the time to understand my unique situation and provided tailored solutions that best suited my needs. Their expertise and commitment to excellence are unmatched, and I am grateful for their unwavering support. I highly recommend Estro Mortgage to anyone in need of mortgage services."


"Choosing Estro Mortgage was the best decision I made for my Canadian mortgage journey. Their consultants guided me with expertise and patience, addressing all my concerns and providing timely updates. Their personalized approach made me feel valued as a client. Thanks to Estro Mortgage, I am now happily settled in Canada. I highly recommend their services."

Raveena K

"Estro Mortgage played a crucial role in helping me navigate the complex Canadian mortgage system. Their team provided me with accurate and up-to-date information, ensuring that my application was strong and well-prepared. Their professionalism and attention to detail gave me the confidence I needed throughout the process. I highly recommend Estro Mortgage to anyone seeking reliable mortgage services."

Rakesh S

"I cannot express enough gratitude to Estro Mortgage for their outstanding services. From the initial consultation to the final visa approval, their consultants were incredibly knowledgeable and dedicated. They went above and beyond to ensure that my application was prepared meticulously and submitted on time. I am now living my Canadian dream, all thanks to Estro mortgage ."

Lisa M

"Thanks to estro mortgage , I successfully achieved my goal of immigrating to Canada. Their team of experts provided me with excellent guidance and support throughout the entire process. They were thorough, professional, and always available to answer my questions. I highly recommend estro mortgage to anyone looking for a trusted mortgage partner."

Sarah L

Estro Mortgage

At Estro Mortgage, we prioritize clear and transparent communication. We understand that obtaining a mortgage involves making important financial decisions, and we are here to provide you with the information and guidance you need to make well-informed choices. We will walk you through each step of the process, ensuring you understand the terms, conditions, and implications of your mortgage.