Mortgage Prepayment Calculators

September 30th, 2012

Need to calculate your prepayment penalty? Below are links to some of the most popular lenders’ prepayment calculators.

Mortgage Pre-Payment Calculators:

BMO – http://www.bmo.com/calculators/prepayment/index.jsp?lang=en

CIBC – https://www.cibc.com/ca/mortgages/calculator/mortgage-prepayment-calculator.html

HSBC – http://www.hsbc.ca/1/2/en/personal/mortgages-and-loans/mortgages/mortgage-calcul
ators/mortgage-repayment-calculator

ING – http://www.ingdirect.ca/en/tools/calcs/mortgagePrepayment.html

Laurentian – https://www.banquelaurentienne.ca/en/personal_banking_services/my_home/prepayment.html

National Bank – http://www.nbc.ca/WebInfoWeb/DispatchRequest?aliasDispatcher=mortgageIndemnity&lang=en

Manulife – http://www.manulifebankselect.ca/mortgage-101/mortgage-calculators/calculator/#payoff

RBC – https://www.rbcroyalbank.com/cgi-bin/mortgage/tools/prepayment/prepayment-charge-calculator.cgi/overview

Scotiabank – http://cgi.scotiabank.com/mortgage/Scotia_Prepayment.html

TD – http://prepayment.tdcanadatrust.com/

Posted by Kevin Somnauth (First Toronto Mortgage)

Great News For The Condo Market

September 24th, 2012

Today, more households in Canada consists of couples without children than with children. This is some good news for the condo market. Maybe there will not be such an over supply as some analysts are speculating.

http://business.financialpost.com/2012/09/19/shrinking-family-sizes-bode-well-for-canadas-condo-sector/