Since you may not have hundreds of thousands of dollars at your immediate disposal, a mortgage is a loan that can help you cover the cost of buying a home. Arranging financing for your home can often be a confusing process, with many options to choose from. 

There are hundreds of banks, credit unions and other lenders out there who would love your monthly mortgage payments. So talk to everybody and don’t be money-shy! Vic Shilmar is very knowledgeable about the different types of mortgages and can offer advice based on your needs and comfort level.

Mortgage brokers are another great resource. Their job is to find low lending rates and they usually don’t get paid unless you sign a mortgage through them – meaning they’re highly motivated to get you the best deal.

This calculator will help you get a quick estimate of what your mortgage payment will be based on interest rate and principle.

Fill in the following information and click the Calculate Now button for the results.