A guide to mortgage calculators Jan 23rd

All about Canadian insurance. Learn the ins and outs and get the latest news.

Latest News

What is universal life insurance? + MORE Jun 25th

Among your different life insurance options, a universal life insurance policy is one of the most complex. It requires more involvement than both term and whole life insurance policies—so you can’t simply set it and forget it. And you have decisions to make regarding how much you pay, and how th.... More »

Cost Management Strategies for Canadian Group Benefit Plans May 12th

The cost of providing comprehensive benefits continues to rise. Managing group benefits effectively is critical for employers in Canada. The need to find balance between offering appealing group insurance to employees and maintaining financial sustainability is not easy. Here are some innovative co.... More »

What to know about insurance claims after a flash flood Jul 19th

Canadian home owners are increasingly adding flood coverage to their insurance policies as extreme weather events become more common, according to the Insurance Bureau of Canada. And after Tuesday’s intense bout of flash flooding in southern Ontario, some residents may be finding out the hard w.... More »

Unlocking the Annuity Puzzle: Why Canadians avoid what seems to be the perfect retirement vehicle Dec 19th

The Annuity Puzzle is about a curious phenomenon in Canada: while life annuities sold by insurance companies seem to have all sorts of compelling reasons to acquire them, more often than not, retirees shun them. Financial planner Robb Engen recently tackled this puzzle in his Boome.... More »

The best credit cards in Canada for 2024 Aug 8th

Spend The best credit cards in Canada for 2024 Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport lounge access, we can help. Compare now By Keph Sen.... More »

A guide to mortgage calculators

– moneysense.ca

Owning a home can be a powerful wealth-building tool, but it can also be expensive when you account for the mortgage payment, property taxes, insurance, utilities and maintenance.

To get a clear picture of how a home purchase impacts your finances, you’ll need to determine what purchase price you can afford and how it affects your housing costs. Fortunately, mortgage calculators let you model this information, helping you make sound financial decisions about what will likely be the most important purchase of your lifetime.

You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quoteI’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.

Why should you use a mortgage calculator?

You wouldn’t buy a car without knowing what the monthly payment is, and you shouldn’t buy a home without an accurate idea of how it will impact your finances, either.

Owning a home involves more than a monthly mortgage payment, and mortgage calculators can help you figure out these extra costs, such as property and land transfer tax, insurance and utilities…

Continue Reading On moneysense.ca »

Getting a great Insurance policy within Canada can be tricky – let us help! Visit our Insurance page for the latest advice and articles.

Share