Mortgage loans

A place to call home

Get pre-approved

At a glance

A helping hand for your first home

$2,000

cashback on a $200,000 loan*

$1,000

cashback on a loan from $100,000 to $200,000*

Perfect if you are looking to

Get a loan over $100,000
Save on the purchase of new furniture
Repay notary fees
Pay your welcome tax
Make a downpayment of at least 5% of the purchase price¹

How can you benefit from the offer?

Opt for a loan of four years and more

Insure your loan with CMHC or Genworth

Receive your loan within 90 days of application

Obtenez votre prêt dans les 90 jours suivant la demande

Receive your loan within 90 days of application

Obtenez votre prêt dans les 90 jours suivant la demande

Deposit the rebate into your transaction account

Obtenez votre prêt dans les 90 jours suivant la demande

Deposit the rebate into your transaction account

Obtenez votre prêt dans les 90 jours suivant la demande

Take the first step by getting pre-approved and guarantee your interest rate for 90 days.⁷

Get pre-approved

See rates

At a glance

Dreaming of home ownership? A mortgage loan¹, or just mortgage, is a legal agreement in which the house you buy is used as a security for the repayment of the funds you borrow. You repay the loan in instalments and pay interest.

See rates

Perfect if you are looking to:

Make a downpayment of at least 5% of the purchase price²
Withdraw up to $25,000 from your RRSP to make a downpayment under the Home Buyers' Plan (HBP)
Get a fixed or variable interest rate, or a combination of the two

Quick tip

Our handy calculators let you try out different scenarios so you can estimate your borrowing capacity and monthly payment amounts.

The 3 types of mortgage loan

Dreaming of home ownership? A mortgage loan¹, or just mortgage, is a legal agreement in which the house you buy is used as a security for the repayment of the funds you borrow. You repay the loan in instalments and pay interest.

	Fixed rate	Variable rate	Made-to-measure mortgage(fixed AND variable)
What is it?	Your interest rate remains the same for the entire term	Your interest rate can go up or down based on market fluctuations	Your mortgage includes a fixed-rate portion, a variable-rate portion and home equity line of credit (optional).
Perfect if you're looking to:	Enjoy the security of equal mortgage payments for the duration of the term	Save on interest if rates go down	Enjoy the advantages of both variable and fixed interest rates
Rate See all rates	Choose this option for peace of mind	Get the lowest rate on the market Benefit from a capped rate that protects you against rate hikes	Get the stability of a fixed rate and the potential savings of a variable rate
Term	Open: No prepayment charge. Ideal if you plan to sell your home. Closed: Prepayment charge.³ The rate is lower than for an open loan.	Closed	Fixed rate portion: Open or closed Variable-rate portion : Closed
Duration of the term	Open: 6 months or 1 year Closed : From 3 months to 10 years	5 years	Fixed rate portion: Open: 6 months or 1 year Closed: From 3 months to 10 years Variable-rate portion: Closed: 5 years
Repayment	4 accelerated repayment options	4 accelerated repayment options	Based on the type of solution (loan or line of credit) and the rate

Offered on certain mortgage terms

Eligibility

Take advantage of special offers when you choose one of the following solutions:

4- or 5-year fixed-rate first mortgage
All-In-One^TM with an integrated 4- or 5-year fixed-rate mortgage portion
Made-to-measure mortgage with a 4- or 5-year fixed-rate first mortgage portion

These special offers offer a reduced rate for the selected term⁴:

Term⁵	Rate⁶	APR
Fixed 4-year term	${p1.tauxPromo4ansF\|percent:"true"}	${p1.tac4ans\|percent:"true"}**
Fixed 5-year term	${p1.tauxPromo5ansF\|percent:"true"}	${p1.tac5ans\|percent:"true"}***

Tip

Protect your loan so that your loved ones don't inherit your debt. Mortgage loan insurance covers your payments in the event of disability, critical illness or death⁸.

Little details that matter

Prepare my loan application

Here are the main steps in preparing a mortgage application.

Take stock of your finances to prepare for the meeting with your mortgage advisor.
Get pre-approved online before or after your meeting.
Gather all the documents you'll need for the financing application.
Find your dream home and make an offer.
Have the property appraised by a professional certified by the Bank.
Once financing is approved, visit a legal professional to sign the official documents.
Congratulations! You're now a homeowner.

Consult the page on preparing a loan application for more information⁷. Don't forget that your mortgage advisor can help you out!

Quickly access your documents

Need to access your tax information and assessments so you can complete a mortgage application? Use SecureKey concierge service—it's user-friendly, fast and secure.

Legal disclaimers

**APR as at ${p2.tauxDateJour|date:"-"}. APR— or Annual Percentage Rate—refers to the total cost of borrowing for a year. It includes the total interest and fees charged by the Bank based on a $300,000 fixed-rate mortgage for a 4-year closed term and 25-year amortization, and assumes a $5/month administration fee and a $330.00 appraisal fee. The appraisal fee may be adjusted or may not be charged as part of the assessment of your mortgage application.

***APR as at ${p2.tauxDateJour|date:"-"}. APR— or Annual Percentage Rate—refers to the total cost of borrowing for a year. It includes the total interest and fees charged by the Bank based on a $300,000 fixed-rate mortgage for a 5-year closed term and 25-year amortization, and assumes a $5/month administration fee and a $330.00 appraisal fee. The appraisal fee may be adjusted or may not be charged as part of the assessment of your mortgage application.

TM All-In-One is a trademark of National Bank of Canada.

1. Subject to credit approval by National Bank of Canada.

2. The minimum downpayment is 5% if the mortgage is insured by Genworth Financial Canada or the Canada Mortgage and Housing Corporation. Some restrictions may apply.

3. Accelerated payments can be made without penalty under certain conditions.

4. Financing subject to credit approval by National Bank. Limited-time offer; rates are subject to change. Financing must be for a residential dwelling with 1 to 4 units. This mortgage offer cannot be combined with any other offer, promotion or advantage at National Bank. Employees of National Bank and its subsidiaries and entities are not eligible for this offer. National Bank reserves the right to end this offer at any time without notice. All details and conditions are available in branches.

5. Rates may differ if the amortization period is more than 25 years. For more information, please contact an advisor.

6. APR means "Annual Percentage Rate" and represents the total interest and fees charged by the Bank, expressed as an annual percentage. Because the cost of borrowing consists solely of interest, the APR corresponds to the annual interest rate in effect as at October 20, 2017.

7. The rate can be guaranteed for up to 90 days following receipt of the application.

8. Certain conditions apply.

Learn about our other mortgage solutions

Home equity line of credit

Buy a home with the All-In-One™ line of credit and leverage your home equity to finance new projects, like renovations or travel.⁸

See the All-In-One line of credit

Home Improvement Line of Credit

Finance renovations of $5,000 or more at an attractive rate and enjoy flexible repayment terms.⁸

See the home improvement line of credit

See all our solutions

Ready to apply for a loan?

Apply online and a mortgage advisor will contact you.

Apply for a loan

Mortgage loans

At a glance

$2,000

$1,000

Perfect if you are looking to

How can you benefit from the offer?

At a glance

Perfect if you are looking to:

The 3 types of mortgage loan

Little details that matter

Learn about our other mortgage solutions

Home equity line of credit

Home Improvement Line of Credit

Ready to apply for a loan?

Find an advisor

Frequently Asked Questions