Canadian Mortgage Calculators give you the proper calculation for a mortgage in Canada. Most of the mortgage sites on the Internet deal with an American mortgage. American mortgage interest and payments are calculated differently from a Canadian mortgage. If you live in Canada you must use Canadian mortgage calculators. However, it doesn't end there...
If you are trying to figure out if you can afford the house of your dreams, you must input the right numbers into Mortgage Calculators.
It's not as simple as it looks! A lender interprets your income and expenses in ways you may not consider. To really know which numbers a bank will use to qualify you for a mortgage a
is your best bet, however, the following calculators will give you a good starting point. (Please go to the
page for details on what numbers a banker will use in their calculations).
Buying a house can be the best investment of your life if you know how to quickly accumulate equity or
pay off your mortgage in record time!
Take the time to formulate an overall strategy to not only buy a house, but also to pay it off quickly.