Refinancing your mortgage

Tap into your home's equity to finance your projects

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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

Build your mortgage offer

Get up to $5,800* cashback by transferring your mortgage and adding eligible products and services to your mortgage loan.

Discover the offer

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

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3 ways to refinance your mortgage

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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
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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
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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
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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.


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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.

Apply for refinancing
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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 

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Ready to refinance your mortgage?

It’s as easy as filling out a form!

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Ask us your questions

Make an appointment with one of our advisors for all your mortgage questions.

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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

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.