Should You Use a Mortgage Calculator?
Have you been contemplating using a mortgage calculator in Ontario but aren't sure if it will help you find the exact affordability? Well, then you are in the right place. Yes, we agree that a mortgage calculator won't help you with the exact numbers, but it can give you an idea of whether you can afford a mortgage in the first place or not. Besides, mortgage calculator in Ontario can: 1- Help you figure out your comfort zone As a home buyer, you may have an idea of how much you can put as a down payment. By using the mortgage calculator, you will gain an idea of how much you will end up spending by putting different mortgage amounts. Play around with the mortgage calculator to figure out how much you can actually afford. 2- Assists in refinancing You can put different interest rates to determine a rate or target point that you will be more comfortable receiving before opting for refinancing. This way, you won't be waiting too long for the interest rates to drop and en