Buying a second property

Your home away from home

Make an appointment

Find an expert

 

A place to unwind 

Dreaming of spending summer weekends at the cottage, or looking for a place downtown for when you have to work late? We have advice and mortgage solutions to help you buy your second home.

"Wherever you feel at home, you are at home."

- Tibetan proverb

Guide to buying a second home

Couple looks at a document on a kitchen counter

Assess your financial situation

Take a few minutes to take stock of your finances. Find out how much you can afford to borrow and set your price range accordingly. Then estimate your monthly payments.

See calculators
Children run to dive into a lake
Picto de pastille avec mention promo

Get a mortgage loan

If your second home can be used year-round, you can get financing1 for up to 95%2 of its value. If it's a seasonal cottage, you can get financing up to 90%3 of the property's value. You can choose a fixed, variable or reduced rate on your mortgage, and your amortization period can be up to 25 years. Accelerated repayment options are available.

No matter which option you choose, don't forget to take out loan or line of credit insurance to protect your investment in the event of disability, critical illness or death.

See our mortgage loans
Children run to dive into a lake
Children run to dive into a lake
Children run to dive into a lake
Children play in a sprinkler on a lawn

Get a home equity line of credit

You can also take out an All-In-OneTM line of credit for up to 65%4 of the property's value. You'll enjoy a great interest rate of Prime5 + 1.000% = 5.950%.

You'll only need to pay interest and insurance premiums each month, and can repay the principal at your convenience. You'll also be able to access all amounts repaid as credit.

See the All-In-One line of credit
Happy couple talking on a couch

Refinance your mortgage and leverage your home equity

Over time, your primary residence has almost certainly increased in value. By refinancing your home, you could free up funds for a down payment on a second home, or even buy it outright.

Learn about refinancing
Happy couple talking on a couch
Happy couple talking on a couch
Happy couple talking on a couch

Need advice?

Our team is here to answer all your questions.

Picto of two conversation bubbles with a question mark and the National Bank logo

Make an appointment

If you have any questions about your mortgage, fill out our form to receive a call from an advisor.

Request an appointment


Picto of a silhouette with a National Bank logo

Find a mortgage expert in your region

Need more personalized advice? Select one of our mortgage experts to guide you through every step of your project.

Choose an expert

You can also speak to one of our mortgage experts by calling us at 1-855-755-9533

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. 

Magic wand icon

Tip

Take out loan or line of credit insurance to make sure your payments don't become a burden to your loved ones in the event of critical illness, disability or death.

Solutions to power your dreams

Picto de pastille avec mention promo

Mortgage loan

Whether you want the peace of mind that comes with a fixed rate, the potential interest savings of a variable rate, or a combination of the two,1 we've got the right mortgage for you.

See our mortgage loans

Home equity line of credit

Buy a home with the All-In-One™ line of credit and leverage your home equity to finance new projects, like renovations or travel.6

See the All-In-One line of credit

Loan and line of credit insurance

Get disability, critical illness and life coverage for your loan or line of credit so that your loved ones don't inherit your debt.7

See loan insurance

Our mortgage solutions can help you get the home of your dreams.

See all our solutions

Getting your project off on the right foot 

Icon of a filled-out form

Ready to get the process started?

Make an offer and protect your pre-approved interest rate for 90 days.

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.

Picto of a silhouette with a National Bank logo

Talk to a mortgage
expert

Our mortgage experts are here to provide you with personalized advice to help you move forward with your project.

Little details that matter

Back
Terms of use
National Bank’s virtual assistant

When using our Virtual Assistant Service (the "Chatbot"), you accept these Terms of Use, which are subject to change without notice. Furthermore, you agree to consult these Terms of Use from time to time and acknowledge that your continuing use of the Chatbot means that you have accepted any changes that may have been made. Your continued use of the Chatbot means that you’ve read, understand and agree to these Terms of Use, the Terms of Use for our website, our Online transaction services, and to our privacy policy. You also understand any other agreements that you have with us will continue to apply when you use the Chatbot.

1. Our Services and your responsibilities

The Chatbot is an automated service which is integrated into our online banking platform.

The Chatbot is preprogrammed to answer general questions concerning the use of our online banking platform solely for informational purposes. The Chatbot is not able to answer questions on personal monetary transactions or products you hold with us.

By using the Chatbot, you understand and agree that:

  • The Chatbot does not provide financial advice or financial planning services.
  • The Chatbot does not conduct any banking transactions.
  • The Chatbot may not be able to answer all your questions. Therefore, it may not be able to provide you with the information you require. You must judge whether the answer provided responds to your question accurately. In the case of uncertainty, a customer service representative would be happy to help you. You can call us toll free at 1-888-483-5628 or 514-394-5555.
  • The Chatbot is not a complaint service. You cannot use the Chatbot to file complaints. If you have any complaints, you can contact us at the number indicated above.
  • We monitor, record and store the discussion that you have with the Chatbot to improve our interactions with our clients.
  • You will not provide the Chatbot with any confidential, personal, or private information. For example, you will not provide the Chatbot with your login information, PIN or other personal banking information.

2. Limitation of Liability

You acknowledge that we won’t be liable for any losses or damages that you may suffer as a result of your use of the Chatbot, including if the Chatbot is unavailable for any reason.

We cannot guarantee that the results obtained via the Chatbot will be accurate and reliable and that the answers provided will meet your expectations.

We will not be held liable for damages you incur as a result of:

  • Any delay, error, interruption or omission on our part or any other event beyond our control.
  • Any deficiency or technical error or any unavailability of our systems and wireless networks.
  • Your failure to meet any of your obligations.
  • Any amendment to or suspension, refusal or blockage of the Chatbot.
  • Any decision or measure you take in response to information and data obtained via the Chatbot.
  • Any other damages you may incur that are not caused by negligence on our part.

3. Language

You have requested that these Terms of Use, and related documents be drawn up in English.

4. Governing Law

These Terms of Use are governed and must be interpreted in accordance with the laws in force in the province or territory where you reside. If you reside outside Canada, the laws in force and the courts of competent jurisdiction are those of the province of Quebec.

Virtual assistant