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Renewing your mortgage

Is your mortgage term about to expire?

Learn more about renewing your mortgage

The mortgage term is the length of your current mortgage loan. Once the term is up, you can renegotiate a new term and rate—or transfer your mortgage to National Bank, if you're with another financial institution. 

Renewing your mortgage is a great time to:

  • Take stock of your finances
  • Negotiate better terms and conditions with the help of an expert
  • Pay off your mortgage more quickly or in full

How to renew your mortgage

Time to renew your mortgage? Discuss your options with one of our mortgage renewal experts at 1‑877‑281‑0144 They're available Monday to Friday from 9:00 a.m. to 8:00 p.m. and Saturday from 10:00 a.m. to 4:00 p.m. (Eastern Time).

4 things to do before renewing your mortgage loan

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Opt for an early renewal

Why wait until the end of your term to renew your mortgage? Lock in a fixed rate as soon as possible to protect against a potential rate increase.

There's no need to visit the branch—one of our advisors will call you so you can renegotiate your mortgage quickly and conveniently from the comfort of your home.

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Take stock of your finances

Renewing your mortgage is a great opportunity to review your finances. There might be options better suited to your needs.

For example, if you're now earning a higher salary, you could increase the amount of your monthly payments. If you're more comfortable with risk, you could opt for a variable rate over a fixed rate. If your budget allows, you might even consider repaying your mortgage in full, with no prepayment charge.

See our mortgage loans
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Top view of a woman with tablet and a man with document sitting at a table
Top view of a woman with tablet and a man with document sitting at a table
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Quick tip

Our handy calculators let you try out different scenarios so you can estimate your mortgage payments (or see if you can increase them).

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Decide whether a line of credit is right for you

When it's time to renew your mortgage, you can convert a portion into an All-In-One™ line of credit. You'll benefit from one of the lowest rates on the market and be able to access the principal you've repaid.1 

This means you don't need to reapply for financing every time you're facing a major expense like home renovations.

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Is your mortgage up for renewal? This is a great opportunity to update your mortgage insurance, so you're payments are protected if the need should arise.2

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Talk to an advisor

Are you wondering whether to extend your term or save on interest by increasing your payment frequency? Our experts are here to help. They can answer your questions and provide tailored advice over the phone to save you a trip to the branch.

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Advisor talking with older couple
Advisor talking with older couple
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Legal disclaimers

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. Certain conditions apply.

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Ready to renew your mortgage?

Call us to discuss your options.


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