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How do I change my mortgage rate from variable to fixed or vice versa?
You can change your variable rate to a fixed rate, or vice versa, at any time by renegotiating with your National Bank advisor. The change will be effective after the next withdrawal following the renegotiation.
Good to know:
Renegotiation when a mortgage rate changes
may result in prepayment charges. Generally, such fees will not be
charged if the amount, interest rate and term renegotiated are equal
to or greater than the original amount, interest rate and term.
To change your mortgage rate or help you assess whether it's a good option, contact your mortgage professional or book an appointment at one of our branches.
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