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All About Mortgage Calculators

Best Mortgage Broker Oakville – All About Mortgage Calculators

Feeling overwhelmed about where to begin when it comes to your mortgage? Talking to the best mortgage broker Oakville is a great way to calm those first-time home buyer (or 10th time home buyer) jitters.

Some people, though, prefer to research and gather more information first. If that is you, using one of our mortgage calculators is a great starting point! We have designed these valuable tools to allow you to easily play with a variety of variables that are used in mortgages to help you get a better idea as to what you will be working with.

Using one or more of our mortgage calculators may even spark some questions and give you a great starting point to your conversation with a member of our team. From there we will be able to help you find the mortgage that fits best with your current financial situation as well as your financial goals for the future.

What is a Mortgage Calculator?

A mortgage calculator is an online tool or program that helps potential borrowers determine a mortgage’s estimated monthly payments. This type of calculator is pre-set with the necessary complex formulas and is designed to be easy for everyone to use.

When you select one of our mortgage calculators from the list in the tab above, you will be able to adjust the calculations by changing either the amount of the loan, the term of the loan or the interest rate being used for the loan.

Once you have input those figures, you can just sit back and relax while the calculator does all the heavy lifting. The final figures that are computed by the mortgage calculator should give you some insight into what you can comfortably afford and a better limit on the price range you should be searching in.

Our Calculators

We offer a variety of mortgage calculators to help everyone, depending on their current needs. Whether you are looking to purchase a home, refinance your existing mortgage or pay off your debt faster, we are confident that one of the following mortgage calculators will help you get started with your financial planning:

  • Mortgage Calculator
    • Getting a better idea of what you can comfortably afford can help you find the perfect home in the right price range.
    • Knowing what your mortgage payments will be can help you to better plan your finances. Find out how changing the frequency and amount of your payments can increase or decrease what you will pay over the life of your loan.
  • Rent vs. Buy
    • Worried that a mortgage may cost too much? Compare your rental payments to what you mortgage payments would be to find out how much you can save by purchasing your own home.

You can also find payoff, comparison, refinance, debt payoff, qualifier, land transfer and CMHC calculators on our website by selecting the “Mortgage Calculators” tab above.

Once you have tried out your figures in one of our mortgage calculators, we can help you take that information and determine not only what you can afford but also what you should afford.

If you need any help filling out one of our mortgage calculators or have questions about what your calculations mean, give us a call today!

 

Source: http://www.investorwords.com/13564/mortgage_calculator.html
Source: https://www.cibc.com/en/personal-banking/mortgages/calculators.html