PROMOTION

Mortgage loans

You could receive up to $2,500 cashback

Apply now

Overview of the offer

Get

$2,500

Cashback with a loan of $500,000 or more*

Get

$1,500

Cashback with a loan between $250,000 and $499,999*

Get

$750

Cashback with a loan between $100,000 and $249,999*

Offer valid for a limited time. Commitment of 4 years minimum*.

What step are you at?

Starting to look around?

Lock in preferred rates for a mortgage loan.

Get pre-approved

Ready to buy?

Get financing to realize your project.

Apply for a loan

Prefer to speak to an expert?

Contact an advisor for more information.

Find an advisor

An advantageous rate with cashback. We’re making it possible.

We’re doing things differently

Typically, a cashback offer is accompanied by a higher mortgage rate. We decided otherwise. Opt for our $2,500 cashback offer and enjoy a promotional rate. Take a look at the following example, this offer is more advantageous than a no-cash offer at a lower rate:

Best offer between the two

Loan: $500,000

Down payment: $31,800

Mortgage insurance (CMHC): $19,900

Duration: 25 years

Term: 5 years

	Without cashback	With $2,000 cashback
5-year fixed	3.09% APR⁶	3.14% APR⁶
Monthly installments	$2,475	$2,490
Difference after 5 years	$900	$0
Cashback amount	$0	$2,500
Difference after 5 years	$0	$2,000 - $900 = $1,100

Best offer between the two

Find an advisor

Get pre-approved

Compare the 3 types of mortgage loans

What is the best mortgage rate for you? It depends mainly on your tolerance for risk. There are three types of loans (fixed, variable and made-to-measure), and two types of rates (fixed and variable).

	With fixed rate	With variable rate	Made-to-measure
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 loan includes more than one type of product: fixed and variable. You can add a home equity line of credit if needed.
Ideal if you want to	Enjoy the security of equal mortgage payments.	Save on interest if rates go down.	Enjoy stable payments and take advantage of interest rate drops to save money.
Rates See all rates	See the fixed rates in effect * according to the different terms.	Benefit from a capped rate that protects against rate hikes.	Consider adding a home equity line of credit.
Terms and duration	Open (6 months or 1 year) No prepayment charge if you repay your loan in one shot. Ideal if you plan to sell your home. Closed (3 months to 10 years) Prepayment charge if you repay before maturity¹. The rate is lower than for an open loan.	Closed (5 years) 5-year commitment. Prepayment charge if you repay before maturity¹. More advantageous rate than an open term.	Fixed rate portion: open (6 months or 1 year) or closed (3 months to 10 years). Variable rate portion: closed (5 years).
Repayment	Speed up your mortgage repayment without prepayment charges. See our 4 options.		Based on the type of solution for your loan. Consult an advisor.

How to save even more?

Combine a cashback offer with one of our promotional mortgage rates.

See promotional rates

Little details that matter

Cashback offer – terms and conditions and eligibility

Loan	Cashback amount
$500,000 or more	$2,500
$250,000 $ to $499,999	$1,500
$100,000 $ to $249,999	$750

Loan

Cashback amount

$500,000 or more

$2,500

$250,000 $ to $499,999

$1,500

$100,000 $ to $249,999

$750

Eligibility

To take advantage of this special offer, simply sign up for a National Bank mortgage loan by October 31, 2020.

Conditions

The mortgage loan must :

• have a fixed or variable rate with a term of 4 years or longer

• be for an owner-occupied residential dwelling with 1 to 4 units

• be disbursed within 90 days of receiving the client's application for an insured loan from National Bank

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 information². 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

*This offer is valid from January 15, 2020 to October 31, 2020. The offer applies to clients who have been approved by National Bank for new mortgage loan of $100,000 or more. The loan must be disbursed within 90 days of receiving the client's application for a loan from National Bank. The mortgage loan must have a fixed or variable rate with a term of 4 years or longer at the current promotional rate.The loan must be for an owner-occupied residential dwelling with 1 to 4 units. The offer may be modified, extended, or withdrawn without prior notice at any time. The offer may not be combined or used with any other National Bank offer, promotion or benefit. There is a limit of one cashback per mortgage loan. The cashback amount varies according to the amount of the loan: $750 cashback for loans between $100,000 and $249,999, $1 500 cashback for loans between $250,000 and $449,999, and $2,500 cashback for loans above $500,000. The cashback amount cannot exceed $2,500 per loan. If all conditions are met, the cashback will be granted on the loan disbursement date. You must maintain your mortgage loan for the duration of the term; otherwise, you will be required to reimburse a portion of the cashback received, in proportion to the term still remaining. Mortgage loans are subject to credit approval by National Bank of Canada. Employees of National Bank and its subsidiaries and entities are not eligible for the offer.

*Refers to standard rate.

TM ALL-IN-ONE is a registered trademark of National Bank of Canada.

1. 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.

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

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"}***

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

Loan insurance

Get disability, critical illness and life coverage for your loan or line of credit to make sure your loved ones don't inherit your debt.⁸

See mortgage insurance

See all our solutions

Interested in a mortgage loan?

Apply online and a mortgage expert will contact you.

Apply now

Mortgage loans

Overview of the offer

Get

$2,500

Get

$1,500

Get

$750

What step are you at?

Starting to look around?

Ready to buy?

Prefer to speak to an expert?

An advantageous rate with cashback. We’re making it possible.

We’re doing things differently

Compare the 3 types of mortgage loans

Little details that matter

Eligibility

Conditions

Learn about our other mortgage solutions

Home equity line of credit

Loan insurance

Interested in a mortgage loan?

Find an advisor

Frequently Asked Questions