*** SALE NOW ON - 50% off ***
*** Now featured as 'What's Hot' by Apple ***
Mortgage Mentor has one aim - To SAVE YOU MONEY on your mortgage!
If you're Canadian and buying a house, looking to re-finance, or simply want to make the most of your existing mortgage, then this is the perfect app for you.
Set the Pay Frequency to 'Accelerated Weekly' or 'Accelerated Bi-Weekly' and immediately see how much time and money you will save on your loan. You may be surprised by just how much! What's more, you can also enter any number of Monthly, Yearly or One Off extra payments, at any period during the loan.
Easily visualise your cost savings in the simple and interactive charts. Just slide your finger along to see the costs for each year.
5-Stars - "Canadians, Look No Further! - Best in the App Store for Canadian mortgages."
5-Stars - "...beautiful, simple graphs which make tricky decisions a whole lot easier."
*** Highlights ***
Specially designed for the Canadian market:
√ Interest is applied Semi-Annually
√ Monthly, Weekly or Bi-Weekly payments
√ 'Accelerated' Weekly or Bi-Weekly payments
√ Variable Rates support
√ Calculate the 'True Cost', by including Tax, Insurance etc
√ See the effect of regular or one off 'Extra payments'
√ Try out various 'What-If' scenarios
√ Email a PDF or HTML of the loan details
√ Charts allow easy visualisation of the costs
√ Backup & Restore via Dropbox
√ Passcode protection
√ Elegant, simple and powerful user interface
*** Quick Calculators ***
Super quick calculators for instant answers:
√ How much can you afford to borrow?
√ Monthly Payments
√ Money Saving Effect of Extra Payments
√ Cost of Moving House
*** Analyse & Compare ***
Visualise mortgage costs in simple, easy to understand charts:
√ Store details of multiple mortgages
√ Easily see the costs for each year with a slide of the finger
√ Extra payments can 'Reduce Term' or 'Reduce Payments'
√ Support for 'Repayment' or 'Interest Only' mortgages
√ Monthly breakdown of costs (Amortization)
√ Compare up to 4 mortgages side by side
√ Support for 'Introductory' mortgage rate
*** Voted #1 Property App - upack.com ***
"The strongest arrow in its quiver is the way it handles hypothetical situations, letting you analyze all manner of mortgage-related queries, such as how much you can afford to borrow, and a variety of other what-if scenarios..."
Note that multiple currencies are supported!
iPhone X Support
iPhone 6/6 Plus Support
Fix occasional crash
Ratings and ReviewsSee All
Good but some bugs
While the app has a nice look and feel it has some glaring bugs. Anyone trying to pay off their mortgage faster will run into this- when extra payments are made, the years saved calculation is way too low and completely inaccurate. Developer has incorrectly assumed for Canadian mortgages that amortization period is always the same as the term which results in the years saved bug mentioned earlier. No functional improvements to the app in a long time. Hopefully these issues will be addressed.
Charged me $20.45
How do I get my money back? The app charged me $20.45 versus the about $5 advertised.
Plus, I am unable to even use the functionalities - says no email on account. There is no option to add email or register.
I have been frustrated by the limitations of this app for the Canadian market. An app version dedicated to Canada would be helpful. Assumptions behind app do not easily translate into Canadian market. It is a dated app as well. Updates desperately needed.
- MH Riley Ltd
- 31.2 MB
Requires iOS 8.0 or later. Compatible with iPhone, iPad and iPod touch.
- Age Rating
- © 2010-2018 MH Riley Ltd
- In-App Purchases
- Branding License $54.99
Up to six family members will be able to use this app with Family Sharing enabled.