GET APPROVED TODAY WITH OUR ALL IN ONE MORTGAGE SOLUTION

Your all in one mortgage account allows you to consolidate all your debts (loans, credit cards, etc. – up to your borrowing limit) at a competitive, lower interest rate than most of your credit cards and loans. By repaying your higher-cost debt from your all in one mortgage account, you could reduce your interest costs and increase your cash flow monthly.

The best way to lower your borrowing costs is to pay down the principal that you borrowed. What you want to do is have all your income come into the all in one mortgage account and have it applied to the principal daily in return reducing your total interest costs on your mortgage.

What you do is put all your monthly expenses (phone, gas, hydro, food, subscriptions etc.) onto your credit card monthly collect your cash back or points and at the end of the month pay your credit card from your all in one mortgage account. By doing your monthly banking this way you leverage your money in your account all month to pay lower interest on your mortgage, which in turn means no idle money! Your money is working for you!

Over time, what you save in interest will likely be more than what you would have earned, once again decreasing your interest, and increasing your cash flow.

With an all in one mortgage account, your income and your debt are all together. So, you don’t need to write cheques or transfer funds from one account to another. This way you never need to worry about missing a mortgage payment. Plus, every deposit that you make into the account reduces your debt, saving you interest costs until you need to withdraw funds again to pay for your monthly living expenses. Over time, this decreases your interests and increases your cash flow!

The all in one mortgage account lets you:

Pay bills by cheque or online (including pre-authorized bill payments)
Pay for store purchases with a debit card (including getting cash back)
Withdraw or deposit funds1 at ABMs2
Ability to bank on the go with the mobile app
What is the main difference compared to my normal banking? – whatever is left over in your all in one mortgage account at the end of the day goes directly towards reducing your borrowing costs. So, all your money is working for you as hard as it can – to decrease your interest and debts and increase your cash flow.

Some traditional mortgages make it difficult or inconvenient to repay your debt more quickly. (Pre-payment restrictions, closed mortgages, etc.) But with the all in one mortgage account, the debt in your Main Account is automatically reduced any time you make a deposit to your account. And, when you have extra money to deposit, such as a gift, bonus, tax refund, etc. your debt is automatically reduced. This gives you the financial flexibility to pay down your debt on your terms, not on your bank’s terms.

This mortgage solution gives you the financial flexibility you need to deal with unexpected expenses or take advantage of great buying opportunities when they come up, and you don’t have to jump through hoops to do it. (Getting requalified at the bank for a line of credit or equity take out mortgage.) You can access the equity you’ve built up in your home (up to your borrowing limit) at any time just by writing a cheque, making a debit purchase, or transferring money electronically.

This is an important feature because once your mortgage is paid down or paid off you can then use the positive balance without having to requalify at the bank. This opens opportunities for you to do renos, vacation, invest or buy an investment property!

This is called using your equity to work for you to increase your cash flow!