Monday, May 16, 2011

It's Like Having a Mortgage Broker in Your Pocket!

I've just downloaded a new Bank of Montreal mortgage app for my smart phone.  This handy tool allows me to calculate mortgage costs based on different scenarios - five per cent down, 10 per cent down, 25-year amortization, 30-year amortization, etc.

It has other functions, too. Users can create  profiles for the different properties they visit and even start the preapproval process with a BMO mortgage specialist with just a few taps of the screen.

So far, the thing seems to only work with iPhones and Androids.

You can find out more here

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