Summary:

This article shows how you can add a mortgage to your account.
Adding mortgages to your account will help you:

Track the debt aspects of your home over time.
Provide a way to calculate financial impact of switching mortgages, renewing mortgages, prepayment of mortgage principal and refinancing options.

Note: Mobile browsers have a simplified UI which may not contain all controls. For best experience, a desktop browser is recommended.

Steps to add a mortgage:

Navigate to the "Your Mortgage Details" page using the main menu.
Click on the "Add Existing Mortgage" tile
Fill in the required details about the mortgage in the form that appears.
- Select a property that the mortgage is against, this will be used to calculate equity in the property.
- Select a lender for the mortgage. This will be used in calculators to help choose renew options.
- Enter a description, this will be shown as mortgage name in the dashboard.
- Enter the current amount left on the mortgage. The initial amount is automatically calculated based on the interest rate and start date.
- Enter the interest rate. For variable mortgages, this is converted into a BOC prime rate difference to automatically track when interest rates change.
- Enter the start/Maturity date for the mortgage. You can lock either of the dates, and use the Mortgage Term to automatically set the other value.
Click the "Save" button to save the mortgage to your account.

Additional Information:

See Adding Home article on how to add homes to your account.
See Mortgage Calculations article on what calculators are available with your mortgage.
See Mortgage Chart article on how to interpret the generated charts for your mortgage.
See dashboard article on how to interpret the dashboards for your home equity.

Summary:

This article shows how you can add a mortgage to your account.
Adding mortgages to your account will help you:

Track the debt aspects of your home over time.
Provide a way to calculate financial impact of switching mortgages, renewing mortgages, prepayment of mortgage principal and refinancing options.

Note: Mobile browsers have a simplified UI which may not contain all controls. For best experience, a desktop browser is recommended.

Steps to add a mortgage:

Navigate to the "Your Mortgage Details" page using the main menu.
Click on the "Add Existing Mortgage" tile
Fill in the required details about the mortgage in the form that appears.
- Select a property that the mortgage is against, this will be used to calculate equity in the property.
- Select a lender for the mortgage. This will be used in calculators to help choose renew options.
- Enter a description, this will be shown as mortgage name in the dashboard.
- Enter the current amount left on the mortgage. The initial amount is automatically calculated based on the interest rate and start date.
- Enter the interest rate. For variable mortgages, this is converted into a BOC prime rate difference to automatically track when interest rates change.
- Enter the start/Maturity date for the mortgage. You can lock either of the dates, and use the Mortgage Term to automatically set the other value.
Click the "Save" button to save the mortgage to your account.

Additional Information:

See Adding Home article on how to add homes to your account.
See Mortgage Calculations article on what calculators are available with your mortgage.
See Mortgage Chart article on how to interpret the generated charts for your mortgage.
See dashboard article on how to interpret the dashboards for your home equity.