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:

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)

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)