About Canadian Mortgage App
The Canadian Mortgage App has been used over 40+ million times and ranks as Canada's #1 mortgage app. Financial Post calls it "the app everyone loves to talk about when it comes to mortgages," and it has given media love...
The Canadian Mortgage App has been used over 40+ million times and ranks as Canada's #1 mortgage app.
Financial Post calls it "the app everyone loves to talk about when it comes to mortgages," and it has given media love from CBC, OREA, Yahoo Finance, La Presse, CMT, MBN, Toronto Star, Metro, and by many other news outlets.
Easily calculate your total home ownership cost, the stress test, compare rates by national and regional lenders and brokers, calculate land transfer taxes and determine your affordability to the penny.
Here is a summary of all the features:
• Canadian Payment Calculator
• All Possible Payment Frequencies
• 2018 Stress Test Rules
• Award-winning Pre-Qualification tool
• Powerful Refinance Analyzer
• Minimum Down Payment Calculator
• Total Monthly Ownership Calculator
• Closing Cost Calculator
• Affordability Calculator
• Maximum Loan Calculator
• Extra Payments Calculator
• Advanced GDS / TDS Calculator
• CMHC Premium Calculator
• PST on CMHC
• Amortization Schedule and Totals
• Load and Save Multiple Scenarios
• Scenario Comparison (side by side)
• All Provincial Land Transfer Fees
• All Municipal LTT
• ON / TO First-time buyer rebates
• ON Non-Resident Speculation Tax
• BCs First time and Newly built rebates
• BCs Foreign Buyer Tax
• PEIs First time buyer rebates
• Real-time Mortgage Rates
• Ability to connect with an expert
• Find an Expert in your area
• Import / Export Calculations
• Generate Summary PDFs
• Beautiful graphs and illustrations
• English, French, Spanish &
• Chinese and Hindi Translated
• Direct Technical Support Chat
• Frequently Asked Questions (FAQ)
• And now Realtors and Mortgage Professionals can also brand CMA to offer their clients a unique mobile experience.
The calculations have also been rigorously tested both mathematically and physically against almost all available mortgage calculators we could find. It's super accurate. It calculates at an extended number of decimal places, avoids floating-point errors and uses specialized rounding as suggested by the European Commission on rounding currency amounts and IEEE 754.
Canadian Mortgage app is free to use and download.
ABOUT CMA PRO
We offer Real estate and Mortgage Professionals a premium subscription to PRO.
CMA PRO offers industry professionals the ability to personalize the Canadian Mortgage App and share their branded app with clients, prospects and partners.
The PRO mobile app can be customized with your company logo, profile picture, brand colours, contact information, rates and much more. PRO offers premium analytics and the ability to invite and co-brand with referral partners to increase your business.
CMA PRO starts at CAD $9.99/month and up to $249.99 / quarter depending on your subscription type.
Payment will be charged to your iTunes account.
Your PRO subscription automatically renews monthly or quarterly for the price of the initial package you have selected. Subscription is automatically renewed unless auto-renew is turned off at least 24-hours before the end of the current period. Auto-renewal can be turned off by going to your App Store Account Settings after purchase. Prices are in Canadian dollars, may vary in countries other than Canada, and are subject to change without notice. Terms of use and privacy policy are available here: https://canadianmortgageapp.com/terms.
If you don't choose to get CMA PRO, you can continue using the Canadian Mortgage App for free forever.
We know you will love it.
Enjoy!
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Previous Versions
Here you can find the changelog of Canadian Mortgage App since it was posted on our website on 2018-03-14 15:55:31.
The latest version is 14.9.0 and it was updated on 2024-04-19 17:58:18. See below the changes in each version.
Canadian Mortgage App version 14.9.0
Updated At: 2024-04-15
Changes: - New Lender and Brokerage Fees in the Closing Cost Calculator
- Improved Support Chat for users with login issues
- PREQ V2 now has an improved analysis screen and formula
- Fixed Contract MQR in the PreQualificaiton Tool
Canadian Mortgage App version 14.7.0
Updated At: 2024-03-07
Changes: - New Property Transfer Tax Exemptions for First Time Buyers and New Homes in BC
- Part of the 2024 provincial budget, three exemption changes are being introduced to the PTT
Canadian Mortgage App version 14.6.7
Updated At: 2024-01-25
Changes: Updates to Mortgage Insurance Premiums
-Professionals can now enable default insurance on insurable mortgages.
-In the Purchase Calculator, tap on the Mortgage Insurance value and turn on this new feature.
-You can also quickly change the premium type from the default CMHC / Sagen / CG to BFS premiums.
-Also, you can enable the Flex down option on all default insurance tiers.
• The Bendigi Team •
Canadian Mortgage App version 14.6.5
Updated At: 2024-01-09
Canadian Mortgage App version 14.5.2
Updated At: 2023-11-09
Changes: • Updated BDM libraries
• Updated Saskatchewan Land Transfer Tax Rules
• Added CIBC Rental Offset into the Pre-Qualification Tool for those getting pre-qualified and owning existing rental properties.
• Updated the PreQualification tools with new info for non-PRO subscribers
• You can now add custom term lengths (like 6-month terms or 23 months).
• Updated Interest rate input fields to accept up to 7 decimals places. This will help with those strangely-looking blended rates.
• The Bendigi Team
Canadian Mortgage App version 12.0.3
Updated At: 2021-03-27
Changes: Refinance Analyzer is finally here. This new feature will help savvy Mortgage Professionals help their clients assess savings, cash flow, break-even point and utilize one of the most incredible and easy-to-use debt consolidation tools in the industry. Refinance Analyzer is currently only available to licensed Mortgage Professionals.
Canadian Mortgage App version 11.7.6
Updated At: 2021-02-07
Changes: Improved scenario management. It is now faster, intuitive, and more accessible. Seamlessly work on your scenarios offline and synch across multiple devices when a connection is available. We've made the PreQ smarter and improved reports. The Purchase Calculator has new fields and the Stress Test improved its algorithms. We support home expense exclusion from GDS/TDS and in advanced rate setting, you can see the annual effective rate for each compounding so you can compare apples with apples.
Canadian Mortgage App version 11.6.5
Updated At: 2020-10-22
Changes: . Compare with Extra Payments
. Notification Search
. Dashboard Customization
. PREQ Refresh
Use the “Refresh” button and update your PREQ in an instant.
. Preferred Language
Add your preferred spoken language to your profile, so when you are ready to request a mortgage, our app can match you with one of our Mortgage Brokers in your area who also speaks your native tongue.
. Support for Compounding
. Show/hide Lenders (PRO)
. New Contact Option (PRO)
. Amortization UI Enhancements
Canadian Mortgage App version 11.5.3
Updated At: 2020-08-18
Changes: . Introducing a new modern way to request to speak with one of our mortgage partners.
. Introducing Interest-only payments. Usually, mortgage payments have a principal and an interest component. However, some mortgage products allow interest-only payments (monthly compounded).
. Added some enhancements to the Land Transfer Tax summary report.
. Lots of other UI and performance enhancements
As always, you can send us feedback via our in-app support chat under the "Extra" tab.
Canadian Mortgage App version 11.4.3
Updated At: 2020-06-26
Changes: In this update we include
- Bug fixes in export scenarios pdf generation
- Dark mode and Classic Mode UI enhancement
