Mortgage Information
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If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing. There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price. I would be happy to refer you to some very good mortgage contacts I have in the area, or to help you in any other way I can to secure the best possible rate for your home purchase. |
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RATES:
Are you wondering what the major banks are posting as their current mortgage rates? Use this link to check out a wide variety of posted mortgage rates from financial institutions across Canada. Many of the major banks offered a discounted rate, which they usually cannot post. These discounted rates are usually around a 1.25 - 1.35% discount off the posted rate.
Current Mortgage Rates Across Canada
CALCULATORS:
Use the mortgage calculators below to assist you in making some decisions around financing your new home.
Mortgage Affordability Calculator
This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.
This calculator will help you determine what your household income would need to be based upon a known mortgage amount or purchase price.
Mortgage Payment Calculator & Amortization Table
This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.