Introducing The Mortgage Warrior’s new mortgage app. The Canadian Mortgage App is the #1 ranking mortgage app in Canada and featured in the Top 25 Free Business Apps in Canada by Apple & Google. Plus, the app is available for Blackberry users.
Buying a home is one of the biggest and most important investments many of us will ever make. Whether you are a first time home buyer or looking into getting a second mortgage, it’s important to be able to know exactly how much you can afford to borrow for your mortgage at the start of your search. The Canadian Mortgage App has an innovative affordability estimator to help you do just that:
By using industry standard debt service ratio (GDS / TDS), you can calculate exactly how much you can afford to borrow.
The Closing Costs screen allows you to calculate Land transfer fees, home inspection costs, the PST on CMHC (custom to each province) and much more.
We highly suggest experimenting with different mortgage rates, monthly fees and obligations, and amortizations periods as these will have an effect on the amount you can afford.
Make sure you tell your friends and family about our Mortgage – it’s free.
Download the app today.