Renew or transfer your mortgage

All-In-One BankingTM1 is a financing solution that has twice been named "Mortgage of the Year" by Canadian Mortgage Trends.

Are you ready to renew your mortgage? Do you have a mortgage with us or at another institution and would like to get better terms and conditions? You can renew or transfer your existing mortgage by opting for the All-In-One Banking solution which will give you the savings and flexibility you're looking for.2

 

All-In-One Banking is a home equity line of credit. Here's how it works:

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**See banking fees chart     ***See interest savings chart

 

1. Finance your home

The All-In-One Banking is a solution that enables you to finance your home.

  • Finance up to 80% of the value of your home2
  • One of the lowest rates* on the market.

All-In-One Banking gives you the opportunity to enjoy all the advantages of a line of credit as well as a mortgage loan.

 

*Interest rate  for the  All-In-One (line of credit)

As of March 06, 2015 8:00 AM: 2.850 % + 1%

This is a variable rate that correspond to the prime rate + 1%, representing one of the lowest rates on the market.

The prime rate is the annual variable interest rate published by National Bank from time to time and used by the Bank to determine the interests rates on demand loans granted by it in Canadian dollars in Canada.

Fees for All-In-One (fees for regrouped acconuts)

  • Main account: No charge or $2.50/month if the financinf exceeds 80% of the value of the property
  • Additional accounts: $2.50/month/account
  • Account for a mortgage loan integrated into the All-In-One: No Charge
  • You are resposible for the appraisal fees and any legal fees

Compare the advantages of All-In-One Banking versus a traditional mortgage loan.

2. Finance your projects

As you pay off your mortgage, the repaid principal becomes available so you can go ahead with other projects.3

These are the main advantages:

  • one great rate for all your projects;
  • have multiple accounts and manage each one separately;
  • or integrate all your National Bank accounts if you prefer;
  • monthly consolidated account statement.

1 Subject to National Bank credit approval. Certain conditions apply.
2 A maximum amount equivalent to 65% of the value of the property may be in the form of a line of credit, and the rest of the funding has to be in the form of a mortgage loan. For example, if the value of the property is $ 100,000 and you have an amount of $ 20,000 available for down payment (20% of the value of the property, which is the minimum required), the authorized credit limit of the All-In-One will be $ 80,000. However, of this $ 80,000, up to $ 65,000 will be in the form of a line of credit and the rest will be in the form of a mortgage loan.
3 Not to exceed the maximum amount available as a line of credit, i.e. an amount equal to 65% of the property value.
TM National Bank All-In-One is a trademark of National Bank of Canada.

Why choose the All-In-One Banking?

Here is a description of the main features and
how they could be beneficial for you:

Attractive interest rate

One of the lowest rates** on the market

Advantages

You can save on interest.   

Concerns

You don't want the interest rate on your mortgage to fluctuate and you'd like protection against higher rates.   

Benefit from greater stability by integrating a fixed-rate mortgage loan* into your All-In-One Banking. That way, your mortgage will be diversified and you?ll be protected against mortgage rate fluctuations and uncertainty.

* Subject to credit approval by National Bank in cases where linking a loan to the line of credit results in an increase in the authorized credit limit.
**Interest rate  for the  All-In-One (line of credit)
As at Aprl 10, 2014 6:30 AM : 3000 % + 1%
This is a variable rate that correspond to the prime rate + 1%, representing one of the lowest rates on the market.
The prime rate is the annual variable interest rate published by National Bank from time to time and used by the Bank to determine the interests rates on demand loans granted by it in Canadian dollars in Canada.
Fees for All-In-One (fees for regrouped acconuts)

  • Main account: No charge or $2.50/month if the financinf exceeds 80% of the value of the property
  • Additional accounts: $2.50/month/account
  • Account for a mortgage loan integrated into the All-In-One: No Charge
  • You are resposible for the appraisal fees and any legal fees

 

Flexible payments

The minimum monthly payment includes only the interest and any insurance premium.

Advantages

Ideal in case of unforeseen expenses or if you have irregular income because you can adjust your payment amount accordingly.

When you earn more income, you can increase your monthly payments in order to pay back the borrowed amount sooner and therefore reduce the interest payable.  

Concerns

You're worried about not being disciplined enough with your budget and having to pay off your home over a longer period than you'd like.   

It's possible to decide on a pre-set amount for your payments (i.e. make regular payments).    

Additional payments without penalty

No penalty or limits if you want to pay off the balance sooner.

Advantages

Make payments based on your income and save on interest by paying off the balance sooner.

Concerns  

You?d like to keep funds on hand instead of using them to make payments on your All-In-One Banking.

You have access to the repaid funds whenever you want, without having to submit another credit application.

Access to repaid funds

The repaid principal can be reborrowed.1

Advantages

Within your authorized credit limit, you can easily access additional financing without having to submit another credit application to the Bank.   

Concerns

Since you have easy access to the principal repaid on your home, you may find it easier to spend and extend the total repayment period.   

You have the option of setting a limit so that the repaid funds are not accessible.

Free banking services

Advantages

It's no longer necessary to enroll in a banking package to benefit from unlimited electronic transactions.

Easy to manage

Consolidated overview of your debts.

Advantages

You can access your financial overview at any time through our online services (Internet Banking Solutions).   

One account statement that covers all your borrowing.

Concerns

You're worried about keeping track of payments on each of your financed projects.   

You can open a separate account for each of the projects you want to finance and then determine specific payment terms for each of them.    

Compare the advantages of All-In-One Banking versus a traditional mortgage loan.

Limited-time offer! If you opt for the All-In-One, you'll be eligible for a Platinum MasterCard2 without having to pay the annual fee for an entire year. After that period ends, the fee for the card will be $125 per year. The annual interest rate is 19.99%2 for purchases and 21.99%2 for cash advances and balance transfers.

As a Platinum cardholder, you:

  • Benefit from a generous rewards program : $1 spent = 1.5 points
  • Redeem your rewards points for principal payments on your All-In-One
  • Enjoy unrestricted travel with your points
  • Take advantage of a comprehensive insurance program
  • Can have up to three additional cards included
  • And so much more!

1Not to exceed the maximum amount available as a line of credit, i.e. an amount equal to 65% of the property value.
2
Subject to credit approval by National Bank. Certain conditions apply.
3No interest will be charged on the purchases made during the month if the balance is paid in full within 21 days of the date of the statement. This grace period does not apply to cash advances and balance transfers. The minimum payment to be made to the Bank every period is equal to 3% of the unpaid balance indicated on the account statement or a minimum of $10, whichever amount is higher (or the new unpaid balance if it is lower than $10). A statement of account is sent on a monthly basis. Examples of credit charges calculated over a period of 30 days at the rate in effect on June 1, 2013:

 

Average balance

Annual interest rate

$500 $3.000
Purchases 19.99% $8.22 $49.29
Cash advances and balance transfers 21.99% $9.04 $54.22

Without the All-In-One Banking

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Traditional method: more complex and costly

With the All-In-One Banking

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Innovative method: simpler and more economical.

You have the choice between a combined approach or a project-by-project approach to manage your finances.

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Combined approach

All your transactions are integrated into your All-In-One Banking.

Example: Authorized credit limit of $200,000

LINE OF CREDIT
House and home improvements
Your home purchase and improvement financing
$175,000 + $10,000
Banking
$15,000
Day-to-day banking (electricity, phone, cable, etc.)

This example shows that all your transactions - whether they're related to your mortgage financing or your day-to-day home expenses - are integrated into your All-In-One Banking, without making any distinction between projects.

Project-by-project approach

Your transactions can be separated according to the number of accounts you have within your All-In-One Banking.

Example: Authorized credit limit of $200,000

Home Transaction account Renovations
Account 1 Account 2 Account 3
Finance your home Cover your day-to-day expenses Make home improvements
Home financing
$175,000
$15,000 $10,000

By using multiple accounts, you can separate your needs and monitor your financial situation more easily.

For example, you can create an account for each important project:

  • Home financing
  • RRSP contributions
  • Savings account for children's education
  • Account for joint expenses, car loan, etc.

The financial status of your projects can be checked at a glance. That way, you can better determine your future needs and the payment terms for each of your projects.

Example

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exemple_photo-couple

Alberto and Carla need to renew their mortgage and are interested in paying it off sooner...

Find out more 

The All-In-One is a financing solution that can be adapted to every project in your life

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The All-In-One helps you save on interest

 
Rates as at April 11, 2014 7:30 AM
Funds borrowed on the line of credit2 4.000% variable
(Corresponds to
the prime rate* + 1%)
4.000% variable
(Corresponds to
the prime rate* + 1%)
Mortgage loan portion2 n/a

Fixed or variable rate depending on the mortgage loan selected.

View our current rates.

Interest credited on positive balances
(Balances of $5,000 and over)
0.250 % 3 0.250 % 3
Fees
Main account No charge
Additional accounts $2.50 per month per additional account
Electronic transactions

 No charge

  • Client Card purchases (InteracR Direct Payment)
  • Cheques
  • You are responsible for the property appraisal fees and any legal fees
  • Preauthorized debits (payments debited to your account, such as phone, cable, insurance, etc.)
  • Withdrawals, transfers, bill payment withdrawals at banking machines
  • Bill payments at banking machines
  • Transfers, bill payments via Electronic Banking Solutions4
  • Transfers to another person
  • Enrollment in automatic inter-account transfer service (betweeen your accounts)
  • Automatic transfers between your accounts
Tax payments $10.00
Payment of past due municipal
or school taxes   
Other changes You are responsible for the property appraisal fees and any legal fees.

*The prime rate is the annual variable interest rate published by National Bank from time to time and used by the Bank to determine the interests rates on demand loans granted by it in Canadian dollars in Canada.

    


 1. Subject to credit approval by National Bank of Canada.
2.  A maximum amount equivalent to 65% of the value of the property may be in the form of a line of credit, and the rest of the funding has to be in the form of a mortgage loan. For example, if the value of the property is $ 100,000 and you have an amount of $ 20,000 available for down payment (20% of the value of the property, which is the minimum required), the authorized credit limit of the All-In-One will be $ 80,000. However, of this $ 80,000, up to $ 65,000 will be in the form of a line of credit and the rest will be in the form of a mortgage loan.
3. Accounts with debit and credit balances are not set off against each other. Credit interest is calculated using the interest rate applicable to each tier for the portion of the credit balance included in that tier at the end of each day and is paid monthly on the account’s anniversary date. Interest rates and tiers are subject to change without notice. For example, if the total credit balance is $10,000, the first $5,000 will not earn interest but the next $5,000 will earn interest at 0.250%.

Under $5,000 0%
$5,000 and more 0.250

4. Certain browser versions are required to access National Bank’s Internet financial services. For information about this, please read the Browser Requirements for Internet Financial Services section in the ABC’s of Security at: www.nbc.ca/browser.
R Interac is a registered trademark of Interac Inc.