It is easier for you to buy a new home or refinance your current home if you have the information to guide you through the process! So download this E-Book now and get the information you need to make this process as easy as possible!
Citadel Mortgages will help you understand that it’s not always about the rate when you want to become mortgage-free sooner while financing your new home or existing home. This All In One Mortgage Solution Program allows you to tackle your debts and mortgage the right way by reducing your interest on all and becoming debt and mortgage-free sooner!
As we always hear, your money should never sit around. In fact, your money should always be working for you! What does this mean, though?
For years the banks have taught us we need to keep our debts including our mortgage separate from our savings, income, and investments, but why? Think about if you have a checking account that has a line of credit attached to it and regular savings account at the bank and you go to deposit your money into the bank. Which account will the bank choose to put the money in? (Hint it is never the account with the line of credit.)
The banks have always wanted us to keep our debt high to make interest, but the secret is to have our money work for us, not the bank!
Traditional banking keeps what you have (your earnings, savings, short-term investments, etc.) separate from what you owe (your mortgage, loans, credit cards etc.). By doing this, you earn a lower rate of interest on your deposits and savings while paying a higher rate of interest on what you borrow, which are your debts like your mortgage and credit cards. This keeps you in debt longer and paying more interest over time, making it harder for you to retire at a decent age!
However, what if your deposits and your borrowing were combined into a single account so that every dollar you earned automatically went towards paying down your debt?
That’s exactly what the All in One Mortgage Solution provides! It brings your mortgage, savings, and income together to help you:
This mortgage product is also calculated daily with interest rather than the standard way of semi-annually, because the interest is calculated daily this offers significant savings over a traditional mortgage. With the All in One Mortgage Solution, every dollar you deposit goes towards paying off your debt, every day
Citadel Mortgages has the best mortgage solutions to match your needs, See the Difference for Yourself, Get Approved Today
For a low monthly fee of $16.95 ($9.95 for seniors age 60 and over), you get unlimited:
The monthly fee will be waived when there is a positive balance of $5,000 or more across the account at the end of each month.
Borrower subject to credit and underwriting approval. Not all borrowers will be approved for conventional financing or equity financing. Receipt of borrower’s application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, Annual APR is subject to approval and underwriting, APR includes all fees and rate which is calculated on a yearly term. APR varies contact us for current rates or more information on a specific product. OAC*
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!
These Documents will be required to in order to close your new home mortgage needs:
These Documents will be required to in order to close your mortgage refinancing needs:
See how you can save and become mortgage-free sooner
Calculate how much you’d spend each month to buy a home or renew or refinance your mortgage.
Start thinking about how much you spend each month, create a budget, and start saving up for your home.
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Head Office – 150 King Street West 2nd Floor Suite 335, Toronto, ON M5H 1J9
Alberta Office – 421 7th Avenue S.W., 30th Floor, Calgary, Alberta, T2P 4K9
Nova Scotia Office – 1701 Hollis Street, Suite 800 Halifax, NS B3J 3M8
Saskatchewan Office – 2010 – 11th Avenue 7th Floor Regina Saskatchewan S4P0J3
Newfoundland Office – 1 Church Hill – Suite 201-522 St. John’s Newfoundland A1C 3Z7
New Brunswick Office – 500 St George Street, Moncton NB, E1C 1Y3
British Columbia Office – 900-2025 Willingdon Avenue, Burnaby BC, V5C 0J3
Montreal Office – 1155 Rue Metcalfe #1500, Montreal, QC, H3B 2V6
Citadel Mortgages is licensed in the following: Ontario FSRA 12993 – Saskatchewan FCAA 509446, Nova Scotia 2021-3000010 – Alberta, PEI, Nunavut, Newfoundland 21-07-CI083-1. New Brunswick 210031130, British Columbia X301267, Quebec AMF – 3003071684
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“Instant Approval, Conditional Approval, Pre-Approval” – Borrower subject to credit and underwriting approval. Not all borrowers will be approved for conventional financing or equity financing. Receipt of the borrower’s application does not represent an approval for financing or interest rate guarantee. Restrictions may apply; Annual APR is subject to approval and underwriting; APR includes all fees and rates calculated on a yearly term. APR varies; contact us for current rates or more information on a specific product. OAC. Citadel Mortgages. All
discounted mortgage products may be subject to an exclusivity agreement between
the applicant(s) and Citadel Mortgages. We thank you for your continued
support and look forward to providing our beloved customers with an unparalleled
level of service, ethics, and deal transparency. Please note some rates are based on province and are subject to change at any time. Please note not all rates are available in Quebec, please contact us to confirm your rate approval.
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