There are two types of mortgages in Quebec: collateral and conventional. 

With a conventional mortgage, the amount of your mortgage is the actual amount borrowed to finance the purchase of your property. This means that when you need financing for other projects, you'll have to borrow again.   

A collateral mortgage, also known as an umbrella mortgage, secures your mortgage and your other current and future debts to National Bank. This mortgage allows you to refinance without having to go back to the notary. You have access to more funds as the value of your property increases. The collateral mortgage is the type of mortgage used at National Bank.  

Want to learn more? 

• Consult our brochure on the different types of mortgages for the purchase of a residential property. 
  

Looking to renew your mortgage in the next months? 

• Read our article to see if you could benefit from renewing your mortgage early. 
  

Need advice? 

• Speak with one of our mortgage advisors.