Mortgage Tools And Useful Links

In this section of my All Toronto Mortgages website I have collected some useful tools and links for you.

Mortgage Calculator

To determine your monthly mortgage payments, simply input your desired mortgage amount, choose from the rates, and indicate your preferred amortization. Try as many times as you wish until you find the ideal combination.

Budget Planner

If you are like most of us, you don't have a written monthly budget. We've made it easy for you by providing a worksheet to calculate your gross income and your monthly debt payments.

Land Transfer Tax Calculator

More Calculators

Maximum Mortgage Calculator

Rent vs Buy Calculator

How Much Can You Afford Calculator

Current Household Budget Calculator

Net Worth Calculator

Home Purchase Cost Calculator

Total Debt Service (TDS) Calculator

Should you rent or buy a home and what are the long-term costs? On the one hand, you're tired of your landlord. On the other hand, buying a home likely means borrowing a lot of money. As well, when buying a home you must make a down payment, money that could otherwise be invested or put into savings. What should you do?

Your Credit Score

When you apply for a loan for a home, a car or other major purchase, the lender will approve your loan and determine the interest rate you receive based upon several factors including your credit score. There are many types of credit scores, however the credit score used most by lenders is the FICO score. The FICO score, developed by Fair, Isaac and Company, Inc. is a number between 300 and 900 that lenders use to determine your credit rating. The higher your credit score the more likely you are to be approved for loans and receive favorable rates.