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Canadian Mortgage Calculator
| Web Site: | Canadian Mortgage Calculator |
| Author: | Vertex42 LLC |
| Categories: | Home & Hobby::Personal Finance |
| Downloads: | 850 |
| File Size: | 189 |
| Release Date: | May 05, 2007 |
| Operating Systems: | Windows 3.1, Win 95/98/ME, Win 2000/NT, Windows XP, Win 2003 |
| System requirements: | Browser and Internet connection |
| FREE |
When calculating mortgage repayments it's very important to remember that different countries can use different systems to calculate the compound interest. A perfect example of this is the fact that the US and Canada to use different systems in this regard. The compound interest rates on mortgages in the US are calculated on a monthly basis while the compound interest rates on mortgages in Canada are calculated semi annually.