Best Mortgage Bank Rates in Toronto

Citadel Smart Home Plan - Citadel Mortgages - The Citadel Mortgage Home Plan

the citadel smart home plan

Best Mortgage Bank Rates

BMO.jpg

BMO 5-year Fixed Mortgage Rate

Rate Type5-Year-Fixed

Mortgage TypeClosed

Prepayment 20%

HSBC.png

HSBC 3-year Fixed Mortgage Rate

Rate Type3-Year-Fixed

Mortgage TypeClosed

Prepayment 15%

thumbnail.png

CIBC 5-year Variable Mortgage Rate

Rate Type5-Year-Variable

Mortgage TypeClosed

Prepayment 20%

the citadel mortgage smart home plan best mortgage rates

citadel-mortgages.png

5 Year Fixed Rate
(High Ratio)

Rate Type 5-Year-Fixed

Mortgage TypeClosed

Prepayment 15%

citadel-mortgages.png

3 Year Variable Rate
(High Ratio)

Rate Type 3-Year-Variable

Mortgage TypeClosed

Prepayment 20%

citadel-mortgages.png

5 Year Variable Rate
(High Ratio)

Rate Type 5-Year-Variable

Mortgage TypeClosed

Prepayment 15%

Why the citadel smart home plan

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

        Adjustable rate mortgages

        Fixed rate mortgages

        Competitive mortgage rates in Canada

        Choice of payment frequencies

        15/15 prepayment privileges

        Payment choice on your property taxes

        No Bona fide Sale Clause

        Flexible mortgage options for new Canadians and second homes.

        Regardless if you are a first-time home buyer, a seasoned expert or somewhere in between, the Citadel Smart Home Plan powered by Marathon Mortgages offers our clients superior rates and service every day.

 

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 blend innovative technology and unrivaled service
to find you the best Mortgage loan and close with ease.

FAQ's

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. 

Best Mortgage Bank Rates

BMO.jpg

BMO 5-year Fixed Mortgage Rate

Rate Type5-Year-Fixed

Mortgage TypeClosed

Prepayment 20%

HSBC.png

HSBC 3-year Fixed Mortgage Rate

Rate Type3-Year-Fixed

Mortgage TypeClosed

Prepayment 15%

thumbnail.png

CIBC 5-year Variable Mortgage Rate

Rate Type5-Year-Variable

Mortgage TypeClosed

Prepayment 20%

THE CITADEL MORTGAGE SMART HOME PLAN BEST MORTGAGE RATES

citadel-mortgages.png

5 Year Fixed Rate
(High Ratio)

Rate Type 5-Year-Fixed

Mortgage TypeClosed

Prepayment 15%

citadel-mortgages.png

3 Year Variable Rate
(High Ratio)

Rate Type 3-Year-Variable

Mortgage TypeClosed

Prepayment 20%

citadel-mortgages.png

5 Year Variable Rate
(High Ratio)

Rate Type 5-Year-Variable

Mortgage TypeClosed

Prepayment 15%

How Do You Qualify For The Citadel Smart Home Plan?

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.

Scroll to Top

BMO 5-year Fixed Mortgage Rate

5.64%

BMO.jpg

5-Year-Fixed

Dislike_down_hand_thumbs_down-512-removebg-preview.png

No

Pre-approval

finance-13-512-removebg-preview.png

20%

Pre-Payments

download__1_-removebg-preview.png

20%

Lump sum pre-payment

HSBC 3 Year Fixed Mortgage Rate

5.75%

HSBC.png

3-Year Fixed

Dislike_down_hand_thumbs_down-512-removebg-preview.png

No

Pre-approval

finance-13-512-removebg-preview.png

20%

Pre-Payments

download__1_-removebg-preview.png

20%

Lump sum pre-payment

CIBC 5-Year Variable Mortgage Rate

5.95%

thumbnail.png

5-Year Variable Mortgage Rate

Dislike_down_hand_thumbs_down-512-removebg-preview.png

No

Pre-approval

finance-13-512-removebg-preview.png

10%

Pre-approval

download__1_-removebg-preview.png

10%

Lump sum pre-payment

Citadel 5 Year Fixed Mortgage Rate

4.74%

citadel-mortgages.png

5-Year-Fixed

save-icon-1.png

Yes

Pre-approval

finance-13-512-removebg-preview.png

15%

Pre-Payments

download__1_-removebg-preview.png

15%

Lump sum pre-payment

Citadel 3 Year Variable Mortgage Rate

4.85%

citadel-mortgages.png

3-Year-Variable

Dislike_down_hand_thumbs_down-512-removebg-preview.png

No

Pre-approval

finance-13-512-removebg-preview.png

20%

Pre-approval

download__1_-removebg-preview.png

20%

Lump sum pre-payment

Citadel 5 Year Variable Mortgage Rate

4.75%

citadel-mortgages.png

5-Year-Variable

save-icon-1.png

Yes

Pre-approval

finance-13-512-removebg-preview.png

15%

Pre-Payments

download__1_-removebg-preview.png

15%

Lump sum pre-payment

Speak to us about your mortgage journey today

Give us a call, we can answer your questions with no obligation.
Call Now