Today’s Mortgage Rates updated as of December 21, 2024 4:01 am
5-year fixed*
5-year Variable*
*Insured loans. Other conditions apply. Rate in effect as of today.
The Citadel Smart Home Plan is a unique and innovative mortgage solution designed to maximize your financial flexibility. This plan can be a traditional single mortgage or combines a traditional mortgage with the benefits of a home equity line of credit (HELOC), allowing you to manage your finances smarter and pay off your mortgage sooner.
With the Citadel Smart Home Plan, every dollar you deposit immediately reduces your loan balance, which helps minimize interest costs and accelerates your path to financial freedom.
Whether you’re a first-time homebuyer, refinancing, or renewing your mortgage, understanding current trends and available options helps you make informed financial decisions.
Mortgage brokers play a pivotal role in helping Canadians find tailored financing options, providing expert advice, and navigating the often complex mortgage market.
For more detailed information on mortgage types, costs, and rights, consult the Government of Canada – Financial Consumer Agency of Canada (FCAC).
About Citadel Mortgages
Founded in 2018, Citadel Mortgages is a Canada wide brokerage network of professionals with over 300 mortgage agents and brokers from coast to coast. The goal is simple to empower Canadians on their mortgage journey to create generational wealth while also becoming mortgage free sooner.
About Marathon Mortgage
We are a national mortgage lender – serving independent home-buyers and professional mortgage brokers.
Unlike a lot of other mortgage providers, we have a dedicated customer service department – committed to providing an exceptional consumer experience.
Discover the Citadel Smart Home Plan Advantage
Purchasing a home is the largest financial commitment you are likely to make. Unlike past generations of home buyers, we are helping current generations of home buyers with understanding how to build generational wealth while becoming mortgage free sooner.
Whether it is your first home, second home or future investment home purchases, the Citadel Smart Home Plan powered by Marathon Mortgage is helping to provide competitive mortgage solutions and empowering our clients on their mortgage journey.
Smart Options & Rates
Citadel Mortgages has some of the lowest rates due to our transparent process and honest approach. In addition, our Citadel Smart Home Plan offers Canadians the lowest mortgage rates in Canada while not having to give up critical flexible features of your mortgage that you may want to take advantage of on your mortgage journey, unlike comparable lender mortgage products that offer low rates, yet that force you into lower prepayment privileges or a bonafide sales clause!
Citadel Mortgages will also help you understand how the lowest rates impact your mortgage and also that it is not always about the rate when you want to become mortgage-free sooner while financing your new home or existing home.
At Citadel Mortgages, we have options for your mortgage journey!
We will take into account your property and financial situation during the home buying or mortgage refinancing process as we tailor the best mortgage options to your individual needs and budget. During your mortgage journey, we will evaluate different conditions or see how additional features and terms, down payments, and mortgage rates, might be employed to strengthen your mortgage approval and help you create generational wealth and become mortgage free sooner!
While transparency is key with our clients, we will display line-by-line cost breakdowns that include any fees or closing costs, so there are no surprises.
Often during your mortgage journey, you will run into bank specialists and other mortgage agents or brokers that will tell you what you want to hear, so you give them the documents required to get your approval. While we understand you as a client want to hear you will get the lowest rate, please be aware that unless any mortgage broker or bank specialist has been given all the required documents and has fully underwritten your file, any rates offered are just quotes and not firm approval. Many times we find clients have been told what they want to hear because either the client has forced the mortgage broker or bank specialist to say to them the lowest rate, or they have just been told that to try and make the deal more effortless, but only to get to closing day to have the lender pull out of the deal!
Imagine you are at the lawyers to find out your deal was not approved because of something they found in your file; this happens often. This is why we ask for all the required documents upfront at Citadel Mortgages to ensure things like this do not happen at closing. We understand not all clients want to follow our award-winning process, which is OK with us; it just means we can not work together.
As an award-winning national brokerage across Canada, we have been featured in the National Post, Financial Post, Toronto Sun, Ottawa Citizen, CMP Mortgage and many more. So, what type of experience do you wish to have? One where you hear what you want only to have issues maybe later or the latter where we are honest and only provide you with the correct information once your apporved?
We ask you to trust our award-winning process and allow us to collect all the documents so we can help you in your mortgage journey!
Don’t believe us read our client reviews and read our national articles as we offer the best service and mortgage rates for your mortgage journey!
Citadel Smart Home Plan:
Citadel Mortgages has some of the lowest rates due to our transparent process and honest approach. In addition, our Citadel Smart Home Plan offers Canadians the lowest mortgage rates in Canada while not having to give up critical flexible features of your mortgage that you may want to take advantage of on your mortgage journey, unlike comparable lender mortgage products that offer low rates, yet that force you into lower prepayment privileges or a bonafide sales clause!
Deciding whether or not to go with a variable-mortgage rate or a fixed-rate mortgage is one of the most significant factors on how much interest you will pay. Due to the selection of Citadel Mortgages 5 year fixed mortgage rates, most Canadians choose to opt for the lowest 5 year fixed mortgage rates when they are low. When you work with a Citadel Mortgage Agent we will break down the difference to show you a comparison.
As you decide between the lowest fixed mortgage rates and the applicable variable mortgage rates, you can work with Citadel Mortgages to simplify the process, as Citadel Mortgages is listed on main rate sites like Rate Spy, WOWA, Ratesdot.com and Rates4u.ca.
Citadel Mortgages enables you to eliminate each and every mortgage rates and let you complete the entire procedure in just a few clicks. Using that, you can locate the very best mortgage rates with regards to your mortgage requirements.
Sometimes the lowest rates come with lower prepayment options and a bonafide sales clause, which means you can not break your mortgage unless you sell your home!
Citadel Mortgages can help you find the lowest mortgage rates in your province and choose the most suitable mortgage financing alternatives for you to ensure you do not get stuck with surprises down the road!
Compare the best mortgage rates today!
Some lenders will do this because of the discount you are receiving upfront on the mortgage; see, to give a discount upfront costs money, and they want to ensure they have the ability to make some of the money back over the term of your mortgage.
Often during your mortgage journey, you will run into bank specialists and other mortgage agents or brokers that will tell you what you want to hear, so you give them the documents required to get your approval. While we understand you as a client want to hear you will get the lowest rate, please be aware that unless any mortgage broker or bank specialist has been given all the required documents and has fully underwritten your file, any rates offered are just quotes and not firm approval. Many times we find clients have been told what they want to hear because either the client has forced the mortgage broker or bank specialist to say to them the lowest rate, or they have just been told that to try and make the deal more effortless, but only to get to closing day to have the lender pull out of the deal!
Imagine you are at the lawyers to find out your deal was not approved because of something they found in your file; this happens often. This is why we ask for all the required documents upfront at Citadel Mortgages to ensure things like this do not happen at closing. We understand not all clients want to follow our award-winning process, which is OK with us; it just means we can not work together.
As an award-winning national brokerage across Canada, we have been featured in the National Post, Financial Post, Toronto Sun, Ottawa Citizen, CMP Mortgage and many more. So, what type of experience do you wish to have? One where you hear what you want only to have issues maybe later or the latter where we are honest and only provide you with the correct information once your apporved?
We ask you to trust our award-winning process and allow us to collect all the documents so we can help you in your mortgage journey!
Don’t believe us read our client reviews and read our national articles as we offer the best service and mortgage rates for your mortgage journey!
Citadel Mortgages has some of the lowest rates due to our transparent process and honest approach. In addition, our Citadel Smart Home Plan offers Canadians the lowest mortgage rates in Canada while not having to give up critical flexible features of your mortgage that you may want to take advantage of on your mortgage journey, unlike comparable lender mortgage products that offer low rates, yet that force you into lower prepayment privileges or a bonafide sales clause!
Citadel Mortgages will also help you understand how the lowest rates impact your mortgage and also that it is not always about the rate when you want to become mortgage-free sooner while financing your new home or existing home.
This plan is ideal for homeowners with stable income and a disciplined approach to financial management.
A Good Credit Score: You will generally need a 600 to 720 Credit score or above. Any co-borrowers, on your mortgage application, will also need good credit. Like anything else, there are exceptions to this. But the more exceptions you require, the lower your chances of getting the best rate.
Employment Tenure: If you just started your job, you may not qualify with some of the mortgage lenders. Many mortgage lenders prefer to see at least a one-year job history if you’re salaried.
Clean Credit: Lenders want to see no derogatory items on your credit report. You want to make sure that no missed mortgage payments show on your credit report as lenders will not be comfortable lending at the best mortgage rates if this is an issue on your credit report. Also one missed payment in three years might be okay; five missed payments are not, especially if they went to collections.
Provable Income: A lender will usually ask you to prove your full income with tax documents and/or employer pay stubs. This is important you make think your income is fine, but you will need a two-year history of any bonus income, commissions, tips income or part-time income in order to be able to use it as part of your mortgage application.
Reasonable Debt Ratios: If your monthly housing and payment obligations are more than 44% of your gross monthly income, you’ll seldom get the best rates. It is important to note that, your monthly housing costs (mortgage payment, property taxes, heat, and half your condo fees) cannot be more than 39% of your gross monthly income. That 39% limit usualy requires a 680+ credit score.
To qualify for the lowest mortgage rates, you’ll have to pass the federal government’s mortgage stress test. All that means is that the lender will calculate your debt ratios using an inflated interest rate. If the lender is offering you a 3.25% rate, for example, it might stress test you to see if you can afford payments at a 5.25% rate.
Copyright © 2018 Citadel Mortgages
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
Disclaimer
Citadel Mortgages operates an information-based website designed to display mortgage rates from its trusted partners. While we strive to present accurate and up-to-date information, we cannot guarantee the precision of the rates or other details provided at all times. Citadel Mortgages assumes no liability for errors, inaccuracies, or damages resulting from the use of the information on this site. Terms and conditions apply, and it is essential to consult directly with a licensed mortgage broker for personalized advice and accurate details about specific products and services. Please note that the rates displayed are for informational purposes only and may differ from actual rates offered.
Citadel Mortgages is licensed to operate in the following jurisdictions:
Instant Approval, Conditional Approval, Pre-Approval
All approvals are subject to credit and underwriting approval. Not all borrowers will qualify for conventional or equity financing. The receipt of an application does not constitute a financing approval or guarantee of an interest rate. Restrictions apply. The Annual Percentage Rate (APR) is subject to underwriting and approval, and fees and terms may vary. Contact us for the most current rates and further information about specific products. OAC (On Approved Credit).
We remain committed to delivering outstanding service, transparency, and ethical practices. Please note that some rates are province-specific and may change without notice. Rates may not be available in Quebec; please contact us directly to confirm availability and approval.
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