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What is mortgage security?
When you take out a loan to buy a property, National Bank takes out a mortgage on your home to protect itself. This security, your mortgage, gives National Bank the right to sell or take possession of your property if you cannot pay your mortgage.
Remember that each province and territory has its own rules.
Need help rebuilding or improving your credit?
- Read our article on how to rebuild your credit.
- Discover our 7 tips on how to pay off your debts.
- Learn how to better manage your money.
Do you have questions or need support?
Speak with one of our mortgage advisors.
Related questions
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How does the All-in-One home equity line of credit work? The All-in-One home equity line of credit allows you to finance your projects without having to request additional credit. -
How do I manage my municipal and school tax payments? Manage your municipal and school tax payments. -
How do I view my annual mortgage document online? Access your annual mortgage document from your online bank or the National Bank app. -
How much can I afford to pay per month for my mortgage? Calculate your monthly mortgage payments with our calculator to get an estimate of what your payments could look like. -
How much can I borrow for my mortgage? See how much you can borrow for your mortgage in just a few clicks with our mortgage pre-approval calculator.
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