National Bank’s Made-to-Measure Mortgage¹

What is National Bank's made-to-measure mortgage?
Structure of the made-to-measure mortgage
Advantages of the made-to-measure mortgage


What is National Bank’s made-to-measure mortgage?

National Bank’s made-to-measure mortgage allows you to customize your mortgage loan: you meet with an advisor, discuss your needs and decide on the mortgage solution that suits your budget and your ability to tolerate risk.

A combination of products

You can divide your mortgage loan into any number of portions, each with its own rate, term, payment frequency and amortization period. For even greater flexibility, one of those portions can be the All-In-One^TM mortgage line of credit².

A solution that adjusts to your needs

National Bank’s made-to-measure mortgage is flexible. Consolidate all your debts while continuing to monitor each of your projects separately. If your needs change, you can adjust the conditions of one portion of your loan without having to renegotiate the entire mortgage. 

[Top]

Structure of the made-to-measure mortgage

Let’s take as an example a young couple looking to buy their first home:

• they have to think of their down payment, but also want to keep some money for unexpected expenses
• they want stable payments
• they’d like to save on interest
• they’d like to protect themselves from rate increases that may be in effect when it comes time to renew.

All this is possible now with the made-to-measure mortgage. It’s simply a matter of structuring the loan in the form of several portions with specific features.

[Top]

Advantages of the made-to-measure mortgage

Diversify your debts the same way you diversify your investments

By diversifying your investments you reduce risk. Now you can apply that same principle to your debts. By structuring your mortgage loan into separate portions with different rates and terms, you reduce the impact of potentially higher rates that may be in force at time of renewal.

Combine fixed and variable rates

With the made-to-measure mortgage, you don’t have to choose between having stable payments and saving on interest. You can combine fixed and variable rates...and get the best of both worlds.

View our current rates

Spread out your mortgage terms

By spreading out your terms with the made-to-measure mortgage, you can protect yourself from future increases while saving on interest with short-term rates.

Get repayment flexibility

With the made-to-measure mortgage, a portion of your loan can be structured as the All-In-One^TM line of credit. By calibrating payments with cash inflows, you decide how much you want to pay back on this portion. Note that applicable interest and insurance premiums must be paid.

[Top]

¹ Subject to National Bank credit approval.
² Subject to National Bank credit approval. For loans exceeding 80% of the property value, on condition that a loan insurer (approved by National Bank) agrees to insure your loan. Certain conditions apply.