Mortgage Resource: Canadian Mortgage App

The spring market is here and that means the return of buyers to the Windsor real estate market as well as the introduction of brand new buyers looking for Windsor homes for sale. Buyers are now faced with higher interest rates and increased mortgage costs. Your pre-approval is step one and if you are looking for a great tool to help check out the Canadian Mortgage App.

This free app is on the Apple App Store and Google Play Store and is an excellent tool to start your mortgage process. By creating a free account you’ll have access to a range of tools including the following:

Calculate Your Maximum Mortgage using industry qualifying rules and the 2018 stress test.
Quickly calculate Land Transfer Taxes and first-time home buyer rebates available to you
Search, filter and browse the most up to date and "real"interest rates for all kinds of mortgage situations

The best part, the Canadian Mortgage App is not a mortgage company or service. They are a tech company whose goal is to make getting a mortgage as easy as possible. The app does allow you to submit an application and get approved through partner mortgage vendors, there is no obligation to. You can use this tool to just get some baseline information and then still visit your own mortgage company or agent to get your pre-approval. It is an excellent tool for new and first time home buyers to better understand mortgages, costs, and how they work.

Here at Jump Realty our agents will give you honest advice on what course of action is best for you in their professional opinion and will always put taking care of your best interests first! With offices in Windsor, Tecumseh, Kingsville, LaSalle, Harrow, Chatham, and Leamington, no matter where you are, a Jump agent is ready to help. Please contact us for any housing needs and let us give you a better real estate experience!