The Solutions Banking All-in-One integrates the features of a mortgage, a line of credit, a chequing account and a savings account into one comprehensive solution. This solution allows you to access the equity in your home to consolidate all of your banking and financing needs.
Use this simple calculator to discover how much money you could potentially save and how quickly you could be out of debt with the All-in-One.
To find out whether the All-in-One is right for you, contact a mortgage planning specialist associated with Freedom 55 Financial, a division of London Life.
The results shown are based on the data you have provided and are for illustrative purposes only and do not guarantee future results. This illustration does not create any legal or contractual obligations for London Life and/or National Bank.
All-in-One is subject to credit approval by National Bank. Maximum financing available up to 80% of the property value; with the revolving line of credit portion not exceeding 65% of the property value.
In the illustration provided the current liabilities were assumed to be repaid at the same rate and frequency, and no additional lump‑sum payment would be made. The All-in-One results assume your short-term savings and the difference between your income and monthly expenses will be applied to your outstanding balance. It is assumed there will be no changes in your liabilities, income or monthly expenses.
If your liabilities exceeded 80% of your house value, the illustration would only consolidate your highest interest rate debts up to a maximum of 80% of your house value. Debts not consolidated would be included in your monthly expenses.
All rates are subject to change at any time without notice. The revolving line of credit base rate utilized in this illustration was 3.35%. This is a variable rate that corresponds to the prime rate + 0.50%.
™ Solutions Banking products and services are distributed by Freedom 55 Financial, a division of London Life Insurance Company and is a registered trademark of Power Financial Corporation. National Bank of Canada is a licensed user of these trademarks.
Solutions Banking products and services are provided by National Bank of Canada.