Mortgage Penalty Calculator
Breaking a mortgage contract before the end of its term often results in prepayment penalties charged by the lender. Use our mortgage penalty calculator to estimate costs before locking in your decision. What is a mortgage penalty? A mortgage penalty,...
Mortgage Payment Options in Canada
Compare mortgage payment frequencies in Canada including monthly, biweekly, weekly, and accelerated options to choose the schedule that fits your goals.
Cash Back Mortgage in Canada: How It Works
When you are buying a home in Canada, unexpected costs can quickly add up. From lawyer fees to moving expenses, these surprise bills can strain your budget just when you need money most. That’s where a cash back mortgage comes...
What is the loan-to-value ratio? How to calculate the LTV?
When you apply for a mortgage in Canada, one number can make or break your application: the loan-to-value ratio. This simple percentage determines everything from whether you will need mortgage insurance to the interest rates you will be offered. Understanding...
Mortgage Default Insurance (CMHC) Calculator in Canada
Everything to know about mortgage default insurance (CMHC insurance) in Canada - rates, qualification, how it works and more.
Mortgage life insurance: What is it? What is your right?
Buying a home is the biggest investment. But have you ever considered how it could impact your family’s financial security for decades? It is a common concern for many Canadian homeowners. That is the reason why mortgage life insurance becomes...
Mortgage critical illness insurance: Is it worth it?
Imagine you are losing your income due to a serious illness, but your mortgage payments are still due each month. It can lead to the loss of the home you have worked so hard for. That’s why protecting your home and...
What is APR? How to calculate Annual Percentage Rate accurately
What is APR? It represents the yearly cost of borrowing funds, which helps borrowers make smart decisions when comparing credit offers.
What is a Mortgage? A guide for Canadians
Everything you need to know about getting your mortgages in Canada. Compare rates, calculate payments, understand types and terms, and more.
Canadian Mortgage Stress Test Calculator
An in-depth guide provides the comprehensive overview of the stress test in Canada: How to calculate, when is it applied, its impacts, and more.