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Mortgage Calculator Calgary Real Estate

Posted by Gagan Bilga on Saturday, February 7th, 2015 at 10:46am.

Mortgage Calculator for CalgaryCalgary Real Estate Mortgage Calculator 

As the Calgary banks get picky about who they'll lend money to in the Calgary housing market, -Industry experts suggest the big banks are currently rejecting as much as 20 per cent of mortgage applications because they don’t qualify for CMHC insurance. Self-employed people, recent immigrants and those with poor or no credit history are benefiting from Canada's once-small but now booming subprime mortgage industry. Alternative lenders like Home Capital Group, Equitable Group and Counsel Corp. have stepped in to fill the market niche of funding borrowers who don’t meet traditional lending requirements — known in the industry as “subprime” borrowers. 

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate.

Purchase & Financing Information

Show me the calculations and amortization

1 Response to "Mortgage Calculator Calgary Real Estate"

Calgary First Home Buyers wrote: [...]against an existing residence will be more difficult for Canadians under new rules to tighten the Calgary mortgage and lending landscape - changes that mean up to five per cent of Canadians who might be considering[...]

Posted on Friday, May 3rd, 2013 at 10:02am.

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Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.

Listing information last updated on August 22nd, 2017 at 11:15pm CDT.