Mortgage Affordability Calculator and Debt Repayment Calculator

Exciting announcement — we have two great new tools that can help you take control of both your debt payments and your homeownership dreams.

Here’s what’s new:

Tool #1: Mortgage Payment Calculator

The mortgage calculator, available through The Mortgage Centre, is a quick, easy way to assess your mortgage possibilities.

There are actually three tools available in this calculator:

a)  Find out how much home you can afford — if this is your first time buying a house, this can tell you what mortgage amount you could qualify for.
b)  Find out if you can afford a specific home — if you’ve found your dream home but aren’t sure if you can finance it, this tool can tell you the answer.
c)  Find out if you can refinance a home that you already own — you can discover how much equity you can take out of your existing mortgage.

These tools are highly valuable for getting an idea of where you stand. From there, mortgage agent Michael Goldenberg can help you make your homebuying dreams a reality.

Plus if you find that you can’t afford your dream home or take out as much equity as you would like, Michael can also help assess your overall financial position to make a plan.

Access the mortgage calculator here.

Tool #2: Debt Repayment Calculator

The second tool is a debt repayment calculator that shows you how to become debt-free in five years — or less!

Use the calculator to determine exactly how soon you can become free of debt (excluding mortgages).

The calculator compares various debt repayment methods to show which method is the fastest. It also shows how much it will cost to become debt-free, in comparison to your total debt.

Methods compared include:

• Doing nothing.
• Debt consolidation.
• Credit counselling.
• DebtCare solution.

The results will vary depending on your specific circumstances, which include your income and any assets. A minimum of $6,000 of unsecured debt is required.

If you have any questions about the calculator or your results, please call us at 1-888-890-0888.

Access the online debt calculator here.

Take Control of Your Finances!

These tools give you a proactive way to manage your finances and plan for your future. But you don’t have to do it alone! DebtCare Canada is your partner is getting rid of debt and achieving the financial future you want.

Learn more about our solutions by calling 1 (888) 890-0888 or visiting www.debtcare.ca.