Mortgage videos

Resources to help you manage your mortgage

Mortgages have a lot of different elements and a lot of intricacies. It can be overwhelming to build your knowledge, but it doesn’t have to be. We’ve been working with residential borrowers for more than 30 years, and we’ve learned a lot about what is confusing, what requires clarity and the best way to share knowledge. Our mortgage videos break down key concepts in a simple, clear way, so you can manage your mortgage and make critical decisions with more confidence.

Managing your mortgage

My Mortgage™ by First National

Managing your mortgage has never been so easy! Log into My Mortgage today at mymortgage.firstnational.ca

Paying your property taxes

First National can pay your property taxes, but sometimes timing affects which bills First National will take over.

Pay down your mortgage faster using prepayment privileges

With First National paying down your mortgage faster is easier than ever!

Using your 15% payment increase privilege

How to use your 15% payment increase prepayment privilege* and the 3 benefits you can realize. *Refer to your mortgage documents to confirm eligibility.

Combining your prepayment privileges

How you can combine prepayment privileges to pay down your mortgage faster.

Changing your mortgage payment date

First National offers you flexibility with our payment date change process

Converting to a fixed rate mortgage

It’s quick, easy and best of all there’s no fee!

Using your lump sum prepayment privilege

Three ways to use your lump sum prepayment privilege and the benefits you can realize.

Using your double up prepayment privilege

How to use your double up prepayment privilege to pay down your mortgage faster.

Home insurance and your First National mortgage

What to include in your home insurance policy and why it’s important to keep it up to date.

Change your payment frequency to meet life's many changes

At First National you can choose a payment frequency that works best for you.

How to read your Annual Statement

Your annual statement provides you with key information to help you manage your First National mortgage.

Privacy Protection

Discover the processes that we have in place to protect your personal and financial information.

Working with a mortgage broker

Credit Security Plan™

What would your family do if something unfortunate happened to you? Would making the monthly mortgage payments be difficult? Credit Security Plan (CSP) insurance can allow your family to secure the home through these payments.

Understanding your mortgage

Adjustable rate mortgage vs. Fixed rate mortgage

Understand whether a fixed or an adjustable rate mortgage will be right for you.

Amortization vs. Term

Understand the differences between amortization and term and how one can impact the other.

Interest adjustment vs. Fee vs. Penalty

If you do have to make changes to your mortgage, there are potential costs that could apply.

Anniversary date vs. Maturity date vs. Last scheduled payment date

Anniversary vs Maturity vs Last Scheduled Date_v2

Making sense of these dates is critical, especially if you want to take advantage of your pre-payment privileges and consider your options for renewal.

Payment date change vs. Payment delay

Understand the differences between payment date change and payment delay and the processes involved in exercising these options.

Port vs. Assumption vs. Title Change

Your First National mortgage offers flexibility if you buy or sell during your mortgage term.

Bank of Canada Rate vs. First National Prime Rate

Distinguishing between the Bank of Canada Rate and First National’s Prime Rate, and how changes in First National’s Prime Rate can affect adjustable rate mortgages.

What is an Interest Adjustment?

Explaining Interest Adjustments, which can happen if you change your payment date or frequency.

Renewing vs. Refinancing

Understand the difference between renewing and refinancing your mortgage.

Renewing your mortgage

Renewing your First National mortgage is easy

Learn how you can renew your First National mortgage in three easy steps.

Benefits of renewing your mortgage with First National

Renewing your First National mortgage is simple and we're here to help!

Refinancing your mortgage

Refinancing your First National mortgage

Did you know you may be able to unlock some of the equity in your home by refinancing your mortgage?

Consolidate your debt with First National

If you have more than 20% equity in your home you may be able to refinance to consolidate your debts.

Financing your home renovation

Renovate to breathe life back into your home.

Easy, convenient mortgage management.

Track your mortgage details, review your mortgage account, manage your mortgage payments, update your mortgage account information and more – online, anywhere, at any time.

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