Using the Mortgage Payment Calculator can help you understand your mortgage payments and what your comfort level is.
To use the calculator above fill in all the fields.
Mortgage Amount: Refers to the amount of money you want to borrow.
Interest Term: Refers to the length of time you are borowing the money for, 1 year, 3 years, 5 years etc.
Interst Rate: The percentage of interest the lender will charge you.
Rate Type: Is this a Variable or Fixed Interest rate?
Payment Frequency: The most common is a monthly payment but you can choose to make payments weekly or biweekly.
Amortization: The most common amortization period is 25 years but can be 30 years or a maximum of 35 Years. Amortization is the length of time it will take to pay off your mortgage considering you only make your monthly payments.
For help using the Mortgage Payment Calculator or for the best Interest rates call us at 416-459-6945 or email: info@findyourmortgage.ca
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Using an agent has never made more sense! Today, more than ever, there are numerous mortgage options available.
Don't be confused; We can help you find the best product for your needs and negotiate the best rate. We do the research for you, enabling you to avoid the frustration and confusion of having to do it yourself.
Allow us to explain the available options. Call 416-459-6945 or visit www.findyourmortgage.ca and send us an email. One of our Mortgage experts will be happy to help you Find Your Mortgage!
Regards,
Find Your Mortgage Inc.
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