Canada just released its new app. Considering more than just monthly mortgage payments, this app provides an estimate of what homeowners can actually afford by including additional expenses, such as property taxes, monthly utilities and mortgage insurance premiums. Mortgage and real estate industry professionals can access the app from their smart phone, set up a personal profile and use a number of mortgage planning tools or view informational videos that explain product options. They are then able to share with their clients, mortgage affordability estimates and options, mortgage insurance product information and other useful resources.
Recognizing the need for a single tool that provides mortgage professionals on the go with all the information they need to help their clients make sound home-buying decisions,