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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