CanadaBanks.net Launches a New Calculator to Keep Pace with Rapidly Changing Mortgage Markets

CanadaBanks.net offers a new mortgage calculator for home buyers who are looking for promising products and affordable financing.

(PRWEB) December 12, 2013

A new mortgage calculator (http://www.canadabanks.net/Mortgage-Calculator.aspx) was released today to help home buyers to make prudent purchasing decisions.
The calculator was created by the content development team at CanadaBanks.net and tested internally and by a group of external users. The goal is to help visitors understand the real cost of mortgage financing. In tough economic times, with the global financial crisis still lingering, housing, credit, and financial choices are more costly. Planning ahead and making use of a range of possible tools helps home buyers to avoid high interest rates. The new calculator allows visitors to play with various scenarios – different repayment and amortization schedules, terms, and interest rates – to increase their chances of gaining access to affordable home ownership.
“With Canadian real estate values reaching dangerous levels, controlling mortgage costs should be priority number one for Canadian home buyers. Our mortgage calculator is a tool that can help Canadians to understand the real costs of mortgage loans and make an informed decision when borrowing to buy a home,” said John Williams, marketing consultant at CanadaBanks.net.
The new calculator was created to help visitors explore their options and access affordable financing, including low-income families, rural residents, persons belonging to ethnic and racial minorities, baby boomers, and other underserved populations. Many financial institutions focus on active markets at the expense of moribund housing markets. This explains why they tend to serve communities and areas that are considered more lucrative. Given the unequal access to mortgage loans and the differences in terms and interest rates, making a wise purchasing decision is of utmost importance. The calculator uses the mortgage term in years, the annual interest rate, the amount of down payment, and the property price to calculate the monthly payments. Many people are unaware of the real cost of home ownership which makes budgeting more difficult. In times of changing home buyer profiles, rapidly shifting markets, decreased economic security, and wide array of products available, financial literacy and the use of convenient tools help borrowers to take advantage of interesting opportunities and attractive financial and housing options.
About CanadaBanks.net: Canadabanks.net is an informational resource, focused on the Canadian banking industry.
For the original version on PRWeb visit: http://www.prweb.com/releases/CanadaBanks_net/mortgage_calculator/prweb11415534.htm

CreditCardReview.ca Launches a New Credit Card Guide to Save Big and Stay Debt-free

CreditCardReview.ca offers a new credit card section to help visitors to maximize rewards and earn free money.

(PRWEB) December 11, 2013

The new rewards credit card guide (http://www.creditcardreview.ca/creditcard-1-2-2-2-2-2-2-2/) went live today to present in-depth reviews of popular cards and rewards programs offered by Canadian banks.    

The guide was created by the content development team at CreditCardReview.ca and offers comparisons of rewards credit cards. Developed in response to visitors’ requests, the guide shows customers that using a credit card can result in substantial savings. Holders earn bonus points on various categories of purchases, including gas, restaurant meals, and others.
“We believe that we created the most comprehensive Canadian rewards credit card guide offering in-depth reviews of over 80 rewards cards,” said John Williams, marketing consultant at CreditCardReview.ca.

The new section features detailed reviews of 84 rewards credit cards by MasterCard, Visa, and AMEX, offered by major Canadian banks. Visitors of CreditCardReview.ca can do easy comparisons to save on charges, maximize rewards, and take full advantage of the promos. Rewards credit cards feature sign-up bonuses, complementary upgrades, hotel points, and other perks and benefits. International and domestic travelers earn rewards and are offered the chance to score some low-cost or free flights. Cardholders benefit from high-end perks, generous bonuses, and no-expiration policies. At the same time, choosing the right credit card can be a challenge given the wide variety of products available. Some products come with inactivity penalties, sign-up requirements, and point caps. Another problem is that bonus miles and rewards points are often devalued due to inflation. Complimentary bonuses and rewards also require heavy spending. What is more, some credit card issuers penalize holders for inactivity meaning that they lose the bonus points they’ve collected so far. Unlike them, there are rewards credit cards that save money, offer rewards, and smooth consumption. To choose the right product, however, it is important to consider the costs along with the perks and benefits. The new section of CreditCardReview.ca offers detailed descriptions and comparisons of direct costs such as annual fees and interest charges. The goal is to help visitors to learn about spending requirements, redemption rules, bonus categories, and other features of rewards credit cards.

About CreditCardReview.ca: CreditCardReview.ca is a Canadian credit card directory offering information on the major banks and credit cards in Canada, along with many useful credit card related articles and guides.

For the original version on PRWeb visit: http://www.prweb.com/releases/CreditCardReview_ca/rewards_credit_cards/prweb11410378.htm