Mortgage Calculators are a great tool for helping you find out about mortgage payments in Edmonton. Our website can help you find the amounts you will qualify for and by using the basic mortgage calculators you can see how much you can approximately afford, for your next real estate purchase.
Mortgage calculators can also help you compare the difference between buying and renting a new home. The can also help you see when you already have a home how much you can save buy paying down your mortgage and using the calculation of placing lump sums directly on your mortgage principal.
Mortgage Calculators have several features that consumers need to pay attention to when using them. First and foremost many of them do not calculate the CMHC fee that is added to your mortgage. Also important is to realize that they do not necessarily take into account the other payments that you already have on a monthly basis.
The calculators are there to basically give you an approximate amount that you would qualify for in a perfect world if you owed no other debt.
Mortgage calculators should only be used as a guide to see what you might qualify for and to get a firm number you should really be sitting with a mortgage broker and discussing the full details of your possibilities before you begin your search for a home.
The use of mortgage calculators should be seen as a way to begin your journey into home ownership in Edmonton. A trained mortgage professional can review your position and assess the amount of home ownership that you can truly afford.
You can then compare renting versus buying, assess the amount you may qualify for and then compare the payment options of bi weekly versus monthly payments. So many facets go into a mortgage that need to be considered and analysed before you commit to any one type and mortgage calculators are a great way to start your mortgage journey.
At Brokers For Life we have a slogan that we believe and is really how we feel about mortgages and the options that you need to choose to get the right mortgage for you.
We believe that “Real Life Mortgage Solutions” begins with the journey of knowing what you can afford to pay, knowing what your options are for paying that mortgage down as quickly as possible. Using our mortgage calculators is the first step in heading down the right path to home ownership.
Every Brokers for Life Agent is highly trained and willing to make sure that journey starts with the best information possible.
Fill the form below to contact a local mortgage associate in Edmonton today, to discuss your mortgage needs.