Scotiabank released a Mortgage Calculator application for the iPhone on March 27th, 2010. This is Mortgage Calculator is great for those who have begun searching for a new home, or if you are considering refinancing your home. It is good to know how much your mortgage payments will be and what you can afford. With

One of the largest investments you will make in your life is purchasing a home. When purchasing a home you are taking on a commitment to pay off the value of the house you may owe to the bank. The question we have to ask ourselves is how can we actually save throughout the process?

BMO Bank of Montreal announced on March 2nd, 2010 that it would be making it easier for Canadians to become mortgage free with the introduction of the new BMO Five Year Fixed Rate Mortgage. The new BMO five year fixed rate mortgage offers the lowest fixed rate for a five year closed term at 3.75%,

Canada’s top bankers are pushing to have the government come down on the mortgage market to cool off the rise in home prices. The heads of Canada’s six largest banks have told policy makers privately that they fear the wide ranging economic fallout of a U.S. style collapse in the housing market. In order to

#1: Picking the right amortization schedule (Do I have to carry a mortgage for the rest of my life?!)

I want to begin by saying that it’s absolutely understandable to be confused when picking all the details of your mortgage. After all, you’d hate to walk into any commitments that has the word “locked” on the first page you’ll be signing & making the wrong decision about it…In most cases “locked” means once you get in, you can’t get out!!!

A mortgage with a fixed interest rate is now available at the Canadian Imperial Bank of Commerce (CIBC), with it you will know exactly what you payments will be. You might ask yourself, “Is this type of mortgage the one I need? “. Well with a few questions you can easily decide whether the CIBC