What to Expect for A Mortgage
When looking to see if a property makes sense for your investment strategy, use this mortgage calculator to better understand what your payments might look like if you decide to purchase.
This calculator allows you to input key details so that you can estimate what different payment scenarios might look like. Your amortization period, mortgage amount, and payment frequency will all affect how your strategy unfolds so it is important to understand how each one changes your mortgage.
Using this tool, you will be able to more effectively compare and contrast different investment properties.
Key Terms
Amortization Period: The length of time you will take to pay the mortgage in full
Payment Frequency: How often will you be making mortgage payments
Mortgage Principal Amount: The purchase price less the down payment
Interest rate: Annual interest rate of the mortgage
Connect Today
I have a network of amazing mortgage brokers that specialize in various specialties from residential to investment to commercial real estate in many of the markets across Canada.
Call me today to help you get started with your real estate needs 1-855-876-7334 or contact me through the form. I look forward to speaking with you.
