National Bank’s Made-to-Measure Mortgage offers more flexibility
National Bank is integrating an advisory approach into its line-up of mortgage financing solutions and giving its clients the opportunity to personalize their mortgage through the Customized Mortgage Plan and Made-to-Measure Mortgage.1
The Customized Mortgage Plan is a questionnaire that enables Bank advisors to fully grasp their clients’ needs and expectations by discussing and analyzing their personal financial situation before proposing a solution in keeping with their budget, risk tolerance and financial commitments.
Then, using the Made-to-Measure Mortgage, advisors can divide their clients’ mortgage financing into several portions, each with its own rate, term, payment frequency and amortization. For maximum flexibility, a portion of the loan can even be in the form of a mortgage line of credit.2
The Made-to-Measure Mortgage adjusts to clients’ current and future obligations by grouping together all financing, while keeping each project separate to make them easier to monitor. That way, if their needs change, clients can modify the conditions of one portion of their loan without having to renegotiate their entire mortgage.
Advantages of the Made-to-Measure Mortgage
1 Subject to credit approval by National Bank.
2 Subject to credit approval by National Bank. For loans exceeding 75% of the value of the property, provided that a loan insurer authorized by National Bank agrees to insure the loan. Certain conditions apply.
About National Bank of Canada
National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more than $120 billion in assets and, together with its subsidiaries, employs 16,908 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website atwww.nbc.ca.
Information (The telephone number provided below is for the exclusive use of journalists and other media representatives):
Director, Public Relations
National Bank of Canada
Tel.: (514) 394-8644