What is mortgage security?

When you take out a loan to buy a property, National Bank takes out a mortgage on your home to protect itself. This security, your mortgage, gives National Bank the right to sell or take possession of your property if you cannot pay your mortgage.

Remember that each province and territory has its own rules.

Need help rebuilding or improving your credit?

• Read our article on how to rebuild your credit.
• Discover our 7 tips on how to pay off your debts.
• Learn how to better manage your money.

Do you have questions or need support?

Speak with one of our mortgage advisors.