Mortgage Apps to Help You Manage Your Finances

Posted by Gurpreet Ghatehora on Wednesday, August 10th, 2016 at 11:34am.

“There’s and app for that” became one of the defining catchphrases of the early 2010s, mostly because it’s true. You can find an app for almost anything, from comparing car costs in your area to on-the-go access to professional mortgage advice. Here are some apps about mortgages and real estate that almost everyone, including homeowners, will find handy.

1. Mortgage Brokers City

This Ottawa-based company developed their app to help people make smarter buying decisions across Canada, not just in our nation’s capital. The app provides a complete breakdown of the many hidden costs involved in purchasing a home. They also provide access to real-time rates that are happening right now, and plenty of useful advice for buying and having a mortgage. Plus, any and all calculations you make with the app can be emailed to you for posterity and later reference.

2. Kasper

Think of Kasper as the mortgage search engine, where you can get information on all the brokers and banks worth your time in your area. The app gives you some basic information about each and every listing, and it will let you compare live rates. You can even do the entire mortgage process on your phone and quickly see how much each institution is willing to give you, along with important interest information.

3. The Canadian Mortgage App

A relatively simple name for a very complex and useful app, the Canadian Mortgage App is Canada’s most popular mortgage app for many reasons. First, it offers offers realistic estimates of homeownership costs, including accurate assessments of fees that come along with buying a home. It’s great for professionals too, with resources for real estate agents, real estate lawyers, brokers, and more to help people make the best decision for their next real estate purchase.

4. Ready Set Home

The Canadian Housing and Mortgage Corporation (CMHC) have designed their own app and called it “Ready Set Home.” Built with a focus on first-time homebuyers, this app gives you the information you need to make informed decisions. Along with articles and features from the CMHC website, there’s also a glossary of terms you’ll need to know. And when you start house hunting, you can keep track of any properties that you like with the app. You can also store all the important contact info for your real estate team.

Apps are an excellent way to help you make better decisions when it comes to home ownerships, but they’re also still very limited. The key to a successful mortgage starts with having the right people on your side, including a qualified and experienced real estate agent.

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