PROMOTION

Refinance your mortgage

You could get up to $1,500 cashback* by refinancing your mortgage and transferring new investments to us.

Make an appointment

*Maximum cashback amount in effect until November 3, 2026. Conditions and restrictions apply.

Illustration of a hand painting a house representing National Bank’s current cashback offers and promotions on mortgage refinancing

On this page

Overview | Advice | Articles | More solutions

What is mortgage refinancing?

Refinancing your mortgage means borrowing based on the net worth of your home—the difference between its current market value and the remaining balance on your mortgage.

By refinancing your home, you can borrow up to 80% of its estimated value and enjoy a new source of credit to finance your projects.

Perfect if you are looking to:

  • Renovate your home
  • Buy a second home, car, or other big-ticket item
  • Help finance your child's education

3 ways to refinance your mortgage

Young woman holding a floor plan talks with a young man

Opt for a home equity line of credit

You can convert your mortgage into an All-In-One™ line of credit. You'll be able to access the funds you repay,1 so you won't have to resubmit an application every time you need more credit.

We also offer one of the lowest interest rates on the market, so why not consolidate your debt (like credit card balances) and save on interest?

 

See the All-In-One
Young woman holding a cup of coffee looks at a computer screen with a man sitting next to her

Choose a fixed or variable rate

Applying for refinancing is a good time to take stock of your finances. If you opt for a mortgage loan1 and want to protect yourself against interest rate fluctuations, choose a fixed-rate loan. This guarantees your rate throughout the term and allows you to make equal monthly payments to simplify your budgeting.

If you've got some leeway in your budget, why not opt for a variable rate— you could save on interest if rates drop.

 

See our mortgage loans
Young woman holding a cup of coffee looks at a computer screen with a man sitting next to her
Young woman holding a cup of coffee looks at a computer screen with a man sitting next to her
Young woman holding a cup of coffee looks at a computer screen with a man sitting next to her
Young man sitting on his desk smiles while looking at a pad

Leveraging your home's equity

With a revolving mortgage, you're free to use any available credit for your financial needs,2 without paying legal fees. It's like getting a personal loan, but at a much lower rate.

You decide the amortization period and term of each portion used and also have the option of repaying the loan without prepayment charge. Contact an advisor to learn more.

 

Find an advisor

Refinancing for renovations

Refinancing lets you take advantage of the low interest rates on your mortgage. You can access additional funds by simply adding them to your mortgage. The amount depends on the value of your home. This is a good option whether you’re planning on making a few small upgrades, or one large renovation project.

Make an appointment

Man thinking about his home renovations
Newsletter icon

Get more information by email

Sign up for our newsletter to get the latest offers and advice to power your ideas.

Learn more about refinancing

No Result found

Learn about other solutions

Transfer your mortgage to National Bank

Do you have a mortgage at another financial institution? Switching to a National Bank mortgage is simple and could be profitable.

View mortgage transfer

Getting your project off on the right foot 

Chat bubbles icon with a question mark and the National Bank logo

Ask us your questions

Make an appointment with one of our advisors for all your mortgage questions.

Make an appointment

Picto of a phone

Talk to a mortgage expert

Our mortgage experts are here to provide you with personalized advice to help you move forward with your project. 

1-888-835-6281

Little details that matter

Duration of the promotion

April 15, 2026, to November 3, 2026.

Conditions to qualify for the cashback offer

You must be a National Bank client and, with the help of a National Bank advisor, meet the conditions set out in Sections A and B below:

A – New mortgage loan 

  • During the promotion period, you must obtain approval for an eligible mortgage loan from National Bank for a closed term of 3 years or more at a fixed rate, or for a closed 5-year variable rate term (the “mortgage loan”). All-In-One™ home equity line of credit is excluded from this promotion.
  • The mortgage loan amount must be $300,000 or more for a new purchase or transfer with National Bank.
  • Term renewals or refinancing with National Bank are eligible for this promotion, subject to applicable financing ratios and conditions.
  • The mortgage loan must be secured by a residential property with 1 to 4 units, owner-occupied.
  • You must hold a personal chequing account with National Bank from which the pre-authorized mortgage payments will be withdrawn.

B – New investment assets 

  • During the promotion period, you and any co-borrower must deposit a total value of at least $50,000 in new assets into eligible investment products offered by National Bank (“new investment assets”) for a minimum of three (3) months.
  • The value of the new investment assets is calculated by National Bank at the time the credit application is submitted for mortgage loan approval. 
  • Eligible investment products include registered (e.g., RRSP, TFSA, RESP, etc.) and non-registered savings plans, GICs, mutual funds, or the Cash Advantage Solution opened with National Bank, National Bank Financial, National Bank Direct Brokerage, or National Bank Investments. 
  • Any other assets held in products not listed above are not eligible (e.g., high interest savings accounts or products offered by National Bank Private Banking 1859). 
  • You and any co-borrower must not have made any withdrawals from investment assets held with National Bank or its subsidiaries in the three (3) months preceding the submission of the credit application for mortgage loan approval. 

If all conditions A and B are met, the cashback amount will be paid within two (2) days following the mortgage loan disbursement date. It will be deposited into the chequing account from which the mortgage payments are withdrawn.

Cashback of up to $1,500

The cashback amount varies based on the total value of new investment assets held or in the process of being transferred by the borrower and, where applicable, any co‑borrowers, at the time the credit application is submitted for loan approval, as well as on the type of mortgage, subject to the minimum requirements with National Bank. 

Cashback with an eligible mortgage loan

Value of new invested assets

$50,000 to $149,999.99

$150,000 to $249,999.99

$250,000 and more

$500

$1,000

$1,500

 

Other conditions

  • Mortgage loans are granted subject to National Bank’s credit approval.
  • Only one (1) cashback amount may be granted per mortgage loan under this promotion, regardless of the number of co‑borrowers.
  • This promotion may be combined with other cashback offers for eligible mortgage loans.
  • You must maintain your mortgage loan for the entire term. In the following cases, you will be required to repay a portion of the cash‑back amount, prorated based on the unelapsed portion of the term: prepayment, renegotiation, refinancing, or transfer of the mortgage loan.
  • You must not withdraw the new investment assets for a minimum period of three (3) months following the disbursement of your mortgage loan (“retention period”). If you breach this condition, you must repay the portion of the cashback corresponding to the retention period that did not elapse. 
  • Asset transfer fees of $15,000 or more from another financial institution may be reimbursed as part of the eligible investment product by the Bank up to a maximum value of $150 plus taxes. No refund for early redemption fees. 
  • In the event of a mortgage transfer to National Bank, you are responsible for all external fees, including property appraisal fees, notary fees, prepayment (“break”) fees, and any other applicable legal or administrative fees.
  • This promotion is not retroactive.
  • This promotion may be modified or withdrawn without notice.

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

1. Subject to credit approval by National Bank of Canada. Certain conditions apply.

2. National Bank offers revolving mortgages. Certain conditions apply when funds are used by holders of a loan insured by the Canada Mortgage and Housing Corporation (CMHC), SagenTM (formerly known as Genworth) or Canada GuarantyTM. A revolving mortgage cannot be used to finance more than 80% of the value of the home.

TM Sagen is a trademark of Genworth Financial Canada, the mortgage insurance company.

TM Canada Guaranty is a trademark of Canada Guaranty Mortgage Insurance Company.