Introducing the New mortgages.ca iPhone App
You are on the house hunt and you stumble-upon a great piece of property. You know your general financial status, but you want to do calculations on the go.
Introducing the all new – and FREE – mortgages.ca iPhone App! It is now easy to calculate your mortgage repayments while you are on the go, helping you evaluate if a potential property is within your financial budget. By simply choosing how much you wish to mortgage, how long you want the amortization to be, and what your interest rate will be, you can get numbers for monthly, bi-weekly and weekly payments.
The app also helps you understand your amortization schedule. It breaks down each of your monthly payments into your principal amount and your interest, providing with you a balance for that month. In addition, the amortization schedule within the app provides a detailed look at your ENTIRE schedule. So if you chose a 25 year amortization, the app will show how your balance will evolve over the next 25 years, on a per month basis.
If you need more information about interest rates, hit the “Rates” tab to find out interest rates for a number of different periods. These will help you with your initial inputs to calculate your mortgage repayments. These rates are update constantly, with the last update date shown on the top.
Last but not least, our app features a helpful reminder tool to provide you with the best rates before your mortgage expires. No more jotting it down on a piece of paper!
Our new app is designed to help homebuyers with their purchase by speeding up decision making. Buying a new home is a big step, and understanding your mortgage is a big part of making that overall decision.
Download our app from iTunes today and give it a test drive!
Have questions? Give us a shout by visiting the contact section on mortgages.ca HERE