CMHC Introduces New Calculator and Mobile App for Homebuyers
CMHC has two new tools to help Canadian homebuyers make informed homebuying decisions.
CMHC’s new Debt Service Calculator allows homebuyers to evaluate their financial situation and understand how much they can comfortably afford to spend on a mortgage. The easy to use calculator allows users to quickly estimate gross debt-service ratio (GDS) and total debt-service ratio (TDS), both important measures in assessing their financially readiness for homeownership.
CMHC’s new ‘Ready, Set, Home’ mobile app provides homebuyers details throughout the homebuying process and provides access to a variety of helpful calculators, articles and other resources.
‘Ready, Set, Home’ mobile app is a free application that offers quick and convenient access to CMHC’s extensive housing information. The app can be downloaded to your Blackberry, Android or iPhone device at cmhc.ca/mobile.
Contact us to find out your home buying power.