Mortgage payment calculator + MORE Aug 24th

Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News

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Big banks slash mortgage rates this week to reflect lower bond yields in Canada + MORE Jan 12th

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Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain home buyers, but say expanding the policy to all Canadians would help make home ownership more affordable. Speaking in Toronto on Thursday, Finance Minister Chrystia Freeland announced.... More »

Can you pay off your debt while saving for retirement? + MORE Sep 2nd

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Mortgage payment calculator

– moneysense.ca

For the majority of Canadians, buying a home will be the single biggest purchase they ever make, and getting a mortgage is an essential part of this process. But how do you ensure you get a mortgage that you can actually afford over the long term? That’s where a mortgage payment calculator comes in.

Why use a mortgage payment calculator?

Just how much a home mortgage will end up costing you over the long haul can be hard to fully grasp, especially when you factor in interest. A mortgage payment calculator is an indispensable tool that will help you understand what your payments will be over time. It also gives you a more accurate sense of what you can afford. 

By using a mortgage calculator to estimate your payments, you’ll have a more realistic picture of the options available to you—and you’ll be better placed to assess mortgage products. In short, a mortgage payment calculator can help you see how a mortgage fits within your current financial plans, as well as how it may affect your future goals…

Continue Reading On moneysense.ca »

Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon.

Continue Reading On canadianmortgagetrends.com »

Despite the shock of sharpy higher rates as their mortgages renew, EQB reports that its clients are continuing to prove resilient.

Continue Reading On canadianmortgagetrends.com »

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