Yes. An installment lower than your current installment is likely when the lower rate is applied with the same term or longer to repay.

Yes. You can borrow additional funds against the equity or value in your property.

Yes. Once you have adequate equity in the property being switched.

Yes. There is no minimum time requirement.

Yes. You may repay up to 40 years.

Yes. The amount of the additional funds will be determined by the equity or the value of your property.

Yes. Property, guarantor, or cash can be used to replace life insurance.

Yes. Guaranteed.

Yes. You may qualify for a Credit Card, an ECD Line of Credit and or any other credit facility.

National Bank will cover the legal fees associated with the transfer.

The rate is guaranteed for 1 year and will be fixed at a below market rate for renewable 5-year terms (consistent with standard mortgage terms for all banks in the local market).

All you need is:

• a current property appraisal report (within the last year)
• current loan statement
• current job letter
• three (3) most recent payslips
• two (2) forms of valid IDs
• proof of ownership of property and
• current property tax receipt