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Mixed rate

Variable or fixed rate? Both are possible with a mixed rate mortgage.

Apply now


Overview of the offer

Put 

50%

of your loan in a variable rate

Put

50%

of your loan in a fixed rate

 


Valid for up to 90 days after approval. Only owners occupying buildings up to 4 units are eligible. 5-year minimum commitment. View applicable rates.*

 

Ideal if you want
 

  • Take advantage of market fluctuations by using the variable rate


  • Ensure a safety cushion by using the fixed rate


  • Take advantage of both fixed and variable rates

When to get a mortgage?
 

Ready to buy?

Get financing to realize your project.

Apply for a loan

Prefer to speak to an expert?

Contact an advisor for more information.

Find an advisor

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A smart risk? It’s possible with a mixed rate.

The variable portion allows you to take advantage of downward fluctuations. Use 50% of your mortgage to reduce your interest.

The fixed portion provides stability, so you can avoid surprises in the market. Use 50% of your loan to keep control of rising fluctuations.

What is a mortgage loan? 

Also called a "mortgage", the loan makes it possible to borrow money to purchase a property. Your house, cottage, condo or building is under warranty, and during this time, you repay your loan.

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Compare the types of mortgage loans

What is the best solution for you? It depends mainly on your tolerance for risk. There are different types of loans (fixed, variable and made-to-measure), and two types of rates (fixed and variable). Mixed rate is a variant of made-to-measure loan.

 

Fixed

Variable

Mixed

What is it?

Your interest rate remains the same for the entire term.

Your interest rate can go up or down based on market fluctuations.

Your loan includes two type of product: 50% fixed and 50% variable.

Ideal if you want to

Enjoy the security of equal mortgage payments.

Save on interest if rates go down.

Enjoy a portion of stable payments and, at the same time, take advantage of interest rate drops to save money.

Rates

See all rates

See the fixed rates in effect according to the different terms.

Terms and duration

Open
(6 months or 1 year)

  • No penalty if you
    repay your loan in one shot.
  • Ideal if you plan to
    sell your home.

Closed (3 months to 10 years)

  • Prepayment charge if
    you repay before maturity.
  • The rate is lower than for an open loan.

Closed
(5 years)  

  • 5-year commitment.
  • Prepayment charge if
    you repay before maturity.
  • More advantageous rate than an open term.

Fixed rate portion closed for 5 years. 

Variable rate portion with a 5-year commitment.

Repayment

Speed up your mortgage repayment without penalties.
See our 4 options.

Little details that matter

Legal disclaimers

*Granted financing subject to National Bank credit approval. Certain conditions apply.

The loan must be:

  • 50% 5 years variable-term of ${p2.tauxBase|percent:"true"} — 0.40% = 3.55% TAC 3.60%**
  • 50% 5 years fixed-term of ${p1.tauxPromo5ansF|percent:"true"} TAC ${p1.tac5ans|percent:"true"}***
  • Owner-occupied of residential 1 to 4 dwelling

Variable portion
**APR as at ${p2.tauxDateJour|date:"-"}. The APR— or Annual Percentage Rate—
includes the total interest and fees charged by the Bank in annual fees. The example is based on a $300,000.00 mortgage loan over 300 months, a variable rate of 3.55% (effective as of the current date), an administration fee of $5.00 per month, and a $330.00 appraisal fee. Appraisal fees may be subject to change or may not be charged as part of the assessment of your mortgage application. The ARP is calculated on the assumption that the variable interest rate will remain unchanged throughout the term.
 
Fixed rate portion
***APR as at ${p2.tauxDateJour|date:"-"}. The APR— or Annual Percentage Rate—
includes the total interest and fees charged by the Bank in annual fees. The example is based on a $300,000.00 mortgage loan over 300 months, a fixed rate of 3.04% (effective as of the current date), an administration fee of $5.00 per month, and a $330.00 appraisal fee. Appraisal fees may be subject to change or may not be charged as part of the assessment of your mortgage application.

The "Base Rate" means the annual interest rate that the Bank publicly announces as the reference rate used to determine the interest rate on the Canadian dollar for loan applications that the Bank makes to Canada. See the base rate page for the rate as of today.

The variable rate: the interest rate will vary according to base rate changes. The reduction of the rate of 0.40% on the base rate applies only to the portion of the variable rate loan over a period of 60 months.

The loan must be disbursed within 90 days of the credit approval for a mortgage loan at National Bank. Thus, the fixed rate and the 0.40% reduction for the variable rate are guaranteed for a maximum of 90 days following the credit approval.

This offer can't be combined to other offers of the National Bank.

This offer is not applicable to mortgage refinancing request.

This offer may be modified, extended or withdrawn at any time without notice. All the details and complete conditions in branch.

Employees of National Bank and its entities are not eligible.

Mortgage loans are subject to credit approval by National Bank.

Interested in a mortgage loan?

Apply online and a mortgage expert will contact you.

Apply now
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