(PRWEB) January 16, 2014
aCalculator.com is a website launched earlier this year in order to provide free-to-use financial help through financial calculators and educational resources. After successful reception of their service, the website has now extended their database that includes calculators for users in US, Australia, and Canada. Focusing the attention on Canada’s homebuyers, the spokesperson for the website shared his expert views on the current market situation and the type of tools required to make a better decision.
According to the spokesperson for the website, the Canadian mortgage market has remained quite predictable for decades. Canada mortgage rate, he added, remained low and stable for years. However, he also commented on how the situation has changed now. “The rates are going up and higher. This is something a large majority of younger borrowers and buyers haven’t witnessed in their lives. Therefore, the tension and panic is more than it must be. By no means do the current rates dictate that you shouldn’t buy a home right now or that you won’t be able to afford the one you already have. It all depends on how well you are able to analyze your situation and take a decision accordingly,” added the spokesperson.
The spokesperson also highlighted some of the tools that can be used in this aspect. The very first tool he deems necessary for all Canadian borrowers is the Mortgage Compare calculator. The mortgage calculator helps user compare the best rate offered by three different banks or brokers in Canada. Since the best mortgage is not just about the lowest mortgage payments, the calculator requires a number of input values such as amortization period, interest rate, and payment type.
The other calculator the spokesperson indicated is the mortgage payoff calculator. The spokesperson also shed light over the benefits of paying off the mortgage faster. “While we do not consider Canada’s market falling or crumbling, we have always predicted a rise in mortgage rates. They are likely to go further up. So, if you think you can pay off faster, you better do it now. You can save an enormous amount in terms of interest this way,” added the spokesperson. The calculator helps users determine the amount they can save and how much they need to increase the monthly payment amount.
There are several other Canada mortgage calculators on the website. All of the tools are completely free to use. For more information, please visit the website http://www.calculator.com.
About acalculator.com
aCalculator.com is a leading financial help website that offers budgeting and financial calculation tools for free. The website currently features 300 different calculators ranging from mortgage calculators to long term care calculators. The website caters to users from USA, Canada, and Australia by providing them essential tools to help them plan their financial future. To contact them, please use the following details:
Contact Details
Web: http://www.acalculator.com
Contact Number: (800) 333-0888