Help with choosing the right mortgage

The Financial Consumer Agency of Canada has launched an ad campaign to show consumers where they can get the most pertinent info necessary to pick the right mortgage.

The campaign is designed to promote the agency’s new website – moneytools.ca. Not only does the website feature a number of tools to help you determine if you qualify for a mortgage, but it also offers a variety of articles that are designed to help you establish a household budget, educate yourself about variable rate mortgages and reverse mortgages, choose the amortization that best fits your needs and understand the pros and cons of home equity lending.

The website also allows you to compare bank fees and credit cards, test your financial know-how and decide which type of bank account is best for you.