Here are several different mortgage products from National Bank you can choose from:
With the NBC fixed rate mortgage, your interest rate remains the same for the entire term and you can enjoy the security of equal mortgage payments. You have the option of an open 6 months to 1 year term and duration or closed 3 months to 10 years term and duration.
The NBC variable rate mortgage allows you to save on interest if rates go down. Your interest rate can go up or down based on market fluctuations. You have the option of a closed 5 year commitment.
The NBC Made to Measure mortgage is a loan that includes fixed and variable products, where you can add a home equity line of credit if you need to. This is suitable for you if you want to have consistent payments and take advantage of interest rate drops that could potentially save you money.
You can get a mortgage from National Bank by contacting the bank directly or work with one of their mortgage advisors.
A mortgage broker is a licensed professional who helps you connect with lenders and find the best mortgage offer based on your financial situation and goals. They’ll help you compare mortgage rates and products between different lenders, and also give you the opportunity to speak with an independent mortgage expert. Some lenders might not work with brokers but it might be beneficial for you to speak with one to see what else is available in the market.
Porting your mortgage is when you take your existing mortgage, including all of its terms and current rate, from your previous home to your new home. The option of moving your mortgage gives you the flexibility to keep your current rate and term while avoiding any prepayment charges. To find out if your National Bank mortgage is portable, it’s best to speak with your mortgage advisor or contact the bank directly to learn more.
In the process of buying a home? Check out Perch’s Guide to Buying a Home at any step of your home buying process to get access to free tools and resources that will help you before and after your closing date. You can also sign up today for a Perch profile to connect with a real estate agent or mortgage advisor today.
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