A mortgage is a type of loan that allows you to borrow the amount you need to buy, build or refinance a property (home, condo, etc). Your property serves as a guarantee for the lender. In this case, the lender would be National Bank. 

The amount of a mortgage is usually quite high. That's why repayment in instalments is usually made over several years.   

Making a down payment from your savings will be deducted from the purchase price of your new property. The balance is the amount of your mortgage. 

Discover our financing solutions to help you buy a property, including a mortgage and the All-in-One^TM home equity line of credit. 

Buying your first home? See our 7 steps to follow to make your projects a reality. 

Need advice? 

• Talk about your projects with one of our mortgage advisors. 
  

Want to learn more? 

• Expand your mortgage vocabulary. 
  
• Check out our guide on buying your first property. 
  
• Read our 5-point guide on co-ownership of condos. 
  
• Learn what an offer to purchase entails.