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:
down payment: $31,800
Mortgage insurance (CMHC): $19,900
Duration: 25 years
Term: 5 years
With fixed rate
With variable rate
|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
See all rates
|Terms and duration||
Closed (3 months to 10 years)
Fixed rate portion: open (6 months or 1 year) or
Variable rate portion: closed (5 years).
Speed up your mortgage repayment without prepayment charges.
Based on the type of
Cashback offer – terms and conditions and eligibility
|$750,000 or more||$3,000|
|$500,000 to $749,999||$2,500|
|$250,000 to $499,999||$1,500|
|$100,000 to $249,999||$1,000|
|$750,000 or more|
|$500,000 to $749,999|
|$250,000 to $499,999|
|$100,000 to $249,999|
To take advantage of this special offer, simply sign up for a National Bank mortgage loan by January 31, 2021.
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.
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*This offer is valid from January 15, 2020 to January 31, 2021. 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 The offer may be modified, extended, or withdrawn without prior notice at any time.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: $1,000 cash back for loans between $100,000 and $249,999, $1 500 cash back for loans between $250,000 and $499,999, $2 500 cash back for loans between $500,000 and $749,999, and $3,000 cash back for loans above $750,000. The cashback amount cannot exceed $3,000 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.
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.