Mortgage

  • Buying a house is one of the biggest purchase in our lifetime. We have programs that can help you pay off your mortgage faster by an average of 10-15 years!
  • lets you consolidate your debts to reduce your borrowing costs.
  • allows you to consolidate all of your debts (loans, credit cards, etc. – up to your borrowing limit) at a competitive, low interest rate. By repaying your higher-cost, you could reduce your interest costs and become debt-free sooner.
  • The best way to lower your borrowing costs is to pay down the principal that you borrowed. When you transfer your savings and/or short term investments, they go immediately towards paying down your borrowings. The same applies to your income. 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, what you save in interest will likely be more than what you would have earned.
  • 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.
  • 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 funds1at ABMs2
  • There’s just one difference – whatever is left over in your 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 – 24/7/365.
  • lets you enjoy financial flexibility.
  • Some traditional mortgages make it difficult or inconvenient to repay your debt more quickly. But 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.
  • 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. 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.
  • you’ve got the flexibility to repay your debt more quickly when you have extra money available and also to conveniently access that money when a spending need arises.