PROMOTION

Mortgage loans

Receive up to $2,000 cash back

Apply now

Overview of the offer

Get

$1,000

Cash back with a loan between $100,000 and $199,000

Get

$2,000

Cash back with a loan of $200,000 or more

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

Perfect if you are looking to

Become a property owner
Reduce your expenses by taking possession
Benefit from safety cushion

When to get a mortgage?

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

How to save even more?

Combine a cash back offer with one of our promotional mortgage rates.

See promotional rates

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 $2,000 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: $250,000

Down payment: $12,500

Mortgage insurance (CMHC): $9,500

Duration: 25 years

Term: 5 years

	Without cashback	With $2,000 cashback
5-year fixed	2.89% APR⁶	3.09% APR⁶
Monthly installments	$1,155	$1,180
Difference after 5 years	$1,500	$0
Cashback amount	$0	$2,000
Difference after 5 years	$0	$2,000 - $1,500 = $500

Best offer between the two

Find an advisor

Get pre-approved

Get up to $2,000 cashback

Becoming a homeowner is an exciting adventure: pride, projects, and expenses go hand-in-hand. Receiving $1,000 or $2,000 cashback could help you add the finishing touches.

Or maybe paying off the notary fees, the welcome tax, the moving expenses, or add that missing detail to make it your perfect home. Realize your ideas!

What is a mortgage loan?

Also called a "mortgage", the loan makes it possible to borrow money to purchase a property. Your house, cottage, condo or building is under warranty, and during this time, you repay your loan.

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).

	Fixed	Variable	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 penalty 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 maturity³. The rate is lower than for an open loan.	Closed (5 years) 5-year commitment. Prepayment charge if you repay before maturity³. 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 penalties. See our 4 options.		Based on the type of solution for your loan. Consult an advisor.

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!

Take a smart risk with a mixed rate! Benefit from downward fluctuations with the variable portion of your interest rate while maintaining stability with the fixed portion.

Little details that matter

Cash back offer – terms and conditions and eligibility

Loan	Cash back amount
$200,000 or more	$2,000
$100,000 $ to $200,000	$1,000

Loan

Cash back amount

$200,000 or more

$2,000

$100,000 $ to $200,000

$1,000

Eligibility

To take advantage of this special offer, simply sign up for a National Bank mortgage loan by December 31, 2019.

Conditions

The mortgage loan must :

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

• be insured by CMHC or by Genworth

• 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 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

*This offer is valid from February 11th to December 31, 2019. The offer applies to clients who have been approved by National Bank for new high ratio mortgage loan of $100,000 or more. The loan must be disbursed within 90 days of receiving the client's application for an insured loan from National Bank. The mortgage loan must have a fixed or variable rate with a term of 4 years or longer. 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 cash back per mortgage loan. The cash back amount varies according to the amount of the insured loan: $1,000 cash back for loans between $100,000 and $200,000, and $2,000 cash back for loans above $200,000. The cash back amount cannot exceed $2,000 per loan. If all conditions are met, the cash back 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 cash back 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.

**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 registered 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 ${p1.tauxDateJour|date:"full"}.

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

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

$1,000

Get

$2,000

Perfect if you are looking to

When to get a mortgage?

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

Get up to $2,000 cashback

What is a mortgage loan?

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