PROMOTION

Refinancing your mortgage

Refinance your mortgage with National Bank and you can get up to $3,500 cashback* 

Make an appointment

*Promotion valid until November 4, 2025, for eligible mortgage transfers.
See the terms and conditions applicable to the promotion.

Dessin d’une main qui tient une maison

Overview of the offer

You’ll benefit from

$3,500

Cashback with a loan of $1,000,000 or more

$3,000

Cashback with a loan between $750,000 and $999,999

$1,500

Cashback with a loan between $500,000 and $749,999

$1,000

Cashback with a loan between $300,000 and $499,999

$500

Cashback with a loan between $100,000 and $299,999

$50,000 or more in additional financing required, bringing the total mortgage balance to $100,000 or more. Minimum 4-year fixed-rate or 5-year variable-rate commitment. National Bank chequing account required for withdrawals.*

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
Illustration of a hand holding a house

Build your mortgage offer

Take advantage of our mortgage solutions and you could be eligible for some savings*

Discover our offers

*For a limited time. Please refer to the terms and conditions of each promotion. 

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

Promotion period

February 3, 2025–November 4, 2025.

Eligibility conditions for cashback:

  • The promotion is open to clients with a National Bank mortgage who, during the term of the promotion, get approved for additional mortgage financing of $50,000 or more, bringing the balance of their total mortgage loan to $100,000 or more (the "mortgage Loan").
  • The portion of the mortgage loan for the additional financing amount must be for a closed 4-year term or more at a fixed rate or for a closed 5-year term at a variable rate. 
  • The mortgage loan must be for an owner-occupied residential dwelling with 1 to 4 units. 
  • You must have a personal chequing account with National Bank, from which the pre-authorized mortgage payments will be debited.  
  • Applicable to the portion of the mortgage loan integrated into the All-in-One to the extent that it respects the other conditions.

Up to $3,500 cashback  

The cashback amount varies according to the total balance of the mortgage loan:  

  • $500 cashback for mortgage loans from $100,000 to $299,999.99  
  • $1,000 cashback for mortgage loans from $300,000 to $499,999.99  
  • $1,500 cashback for mortgage loans from $500,000 to $749,999.99 
  • $3,000 cashback for mortgage loans from $750,000 to $999,999.99
  • $3,500 cashback for mortgage loans of $1,000,000 or more  

If all conditions are met, the cashback will be granted within 2 days of the mortgage loan being disbursed. It will be deposited to the chequing account from which the mortgage payments are debited.

Other conditions

  • Mortgage loans are subject to credit approval by National Bank. 
  • There is a limit of just one cashback per mortgage loan as part of this promotion, regardless of the number of co-borrowers. 
  • This promotion cannot be combined with any other mortgage loan cashback offers, except for the $350 cashback offer for the reimbursement of an appraisal fee available through the privilege offer to professionals. This promotion can also be combined with the “opening a chequing account” promotion.
  • This promotion is not retroactive.
  • You must maintain your mortgage loan for the entire duration of the term. In the following cases, you must repay a portion of the cashback in proportion to the term that still remains: loan prepayment, renegotiation, refinancing, or mortgage loan transfer.
  • You are responsible for any costs that may arise from the mortgage refinancing, including assessment fees for your property, fees for a notary or legal professional, or other applicable legal and administrative fees that you may be required to pay.
  • The promotion is not eligible for requests where a purchase, external transfer/refinancing, or internal refinancing transaction has been disbursed in the 12 months preceding the new disbursement date
  • This promotion may be modified or withdrawn without prior 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.