Mortgage payment calculators are essential tools - not only for crunching numbers, but for understanding important concepts.
We recommend our clients use more than one set of on-line calculators, in order to avoid the costly risk of "tunnel vision" ... where your mortgage decision making is based on information from only one source.
We also recommend on-line calculators provided by the Canada Mortgage and Housing Corporation (CMHC), a federal crown corporation responsible for providing mortgage loan insurance to financial institutions.
If you need to borrow to finance the purchase of property - whether residential, commercial, or a business - we can help you get started on the road to understanding major differences between various types of mortgages, the financiers who offer them, and their approaches to lending.
Feel free to contact us for more information, or for mortgage specialist / mortgage broker references.