Mortgage Assessment Tools

Welcome to - your number one resource portal for your mortgage needs.

Purchasing a home or a real estate property is a large investment for any individual or family. Therefore, one should really perform extensive assessment and evaluation on his/her financial status before deciding on taking on a mortgage loan.

This is where we come in. On, we offer free tools that allow you to perform self-assessment on your financials. We also offer many tips that can help you shorten your mortgage loan length and reduce the total amount of interest you pay - putting more money and time in your pockets.

You can start with our free online self-assessment tool below. By evaluating your current financial status - income streams, expenses, and savings, we can help you determine and recommend the types of mortgages you can obtain. Start by clicking on the button below:

What is Private Mortgage Insurance (PMI) and how does it affect your mortgage payments?

Most people, when they buy a home, put down a down payment. Typically, this is about 20% of the home's purchase price. In some cases, however, a buyer doesn't have a 20% down payment, but they are otherwise well-qualified for a loan. Private mortgage insurance is a product that allows this kind of buyer to still move forward with their home purchase. It's a special kind of insurance that protects the lender - not the buyer - against loss. If you default on the loan, private mortgage insurance ensures the lender doesn't face a total loss. (read more)

Fixed rate mortgage vs. variable rate mortgage

Are you looking to refinance or buy a new home? If it's your first time buying a property, you need to learn the differences, advantages and disadvantages between a fixed rate mortgage and a variable rate mortgage. Do not expect a definite answer to the question: what is the best mortgage type? The most reasonable response anyone can give is: it depends. The type of home loan you choose depends on your specific personal and financial circumstances. (read more)