• The PreQual Tool's lender rental sheets are updated with new info for some lenders.
• The Web Login QR Code scanner will now dismiss after a successful scan.
• The Rate tab displays insurability, minimum and maximum LTV on the main screen.
• The PreQual tool saves and shows correct HELOC minimum payments in the report.
If you have questions or want to learn how to leverage CMA PRO for your business, please get in touch with us via the support chat in-app under the "Settings" tab.
- New Property Transfer Tax Exemptions for First Time Buyers and New Homes in BC
- Part of the 2024 provincial budget, three exemption changes are being introduced to the PTT
Updates to Mortgage Insurance Premiums
-Professionals can now enable default insurance on insurable mortgages.
-In the Purchase Calculator, tap on the Mortgage Insurance value and turn on this new feature.
-You can also quickly change the premium type from the default CMHC / Sagen / CG to BFS premiums.
-Also, you can enable the Flex down option on all default insurance tiers.
• The Bendigi Team •
Updates to Mortgage Insurance Premiums
-Professionals can now enable default insurance on insurable mortgages.
-In the Purchase Calculator, tap on the Mortgage Insurance value and turn on this new feature.
-You can also quickly change the premium type from the default CMHC / Sagen / CG to BFS premiums.
-Also, you can enable the Flex down option on all default insurance tiers.
• The Bendigi Team •
• Updated BDM libraries
• Updated Saskatchewan Land Transfer Tax Rules
• Added CIBC Rental Offset into the Pre-Qualification Tool for those getting pre-qualified and owning existing rental properties.
• Updated the PreQualification tools with new info for non-PRO subscribers
• You can now add custom term lengths (like 6-month terms or 23 months).
• Updated Interest rate input fields to accept up to 7 decimals places. This will help with those strangely-looking blended rates.
• The Bendigi Team
• Updated BDM libraries
• Updated Saskatchewan Land Transfer Tax Rules
• Added CIBC Rental Offset into the Pre-Qualification Tool for those getting pre-qualified and owning existing rental properties.
• Updated the PreQualification tools with new info for non-PRO subscribers
• You can now add custom term lengths (like 6-month terms or 23 months).
• Updated Interest rate input fields to accept up to 7 decimals places. This will help with those strangely-looking blended rates.
• The Bendigi Team
• Updated BDM libraries
• Updated Saskatchewan Land Transfer Tax Rules
• Added CIBC Rental Offset into the Pre-Qualification Tool for those getting pre-qualified and owning existing rental properties.
• Updated the PreQualification tools with new info for non-PRO subscribers
• You can now add custom term lengths (like 6-month terms or 23 months).
• Updated Interest rate input fields to accept up to 7 decimals places. This will help with those strangely-looking blended rates.
• The Bendigi Team
Improved scenario management. It is now faster, intuitive, and more accessible. Seamlessly work on your scenarios offline and synch across multiple devices when a connection is available. We've made the PreQ smarter and improved reports. The Purchase Calculator has new fields and the Stress Test improved its algorithms. We support home expense exclusion from GDS/TDS and in advanced rate setting, you can see the annual effective rate for each compounding so you can compare apples with apples.
• Compare with Extra Payments
• Notification Search
• Dashboard Customization
• PREQ Refresh
Use the “Refresh” button and update your PREQ in an instant.
• Preferred Language
Add your preferred spoken language to your profile, so when you are ready to request a mortgage, our app can match you with one of our Mortgage Brokers in your area who also speaks your native tongue.
• Support for Compounding
• Show/hide Lenders (PRO)
• New Contact Option (PRO)
• Amortization UI Enhancements
• Compare with Extra Payments
• Notification Search
• Dashboard Customization
• PREQ Refresh
Use the “Refresh” button and update your PREQ in an instant.
• Preferred Language
Add your preferred spoken language to your profile, so when you are ready to request a mortgage, our app can match you with one of our Mortgage Brokers in your area who also speaks your native tongue.
• Support for Compounding
• Show/hide Lenders (PRO)
• New Contact Option (PRO)
• Amortization UI Enhancements
• Introducing a new modern way to request to speak with one of our mortgage partners.
• Introducing Interest-only payments. Usually, mortgage payments have a principal and an interest component. However, some mortgage products allow interest-only payments (monthly compounded).
• Added some enhancements to the Land Transfer Tax summary report.
• Lots of other UI and performance enhancements
As always, you can send us feedback via our in-app support chat under the "Extra" tab.
In this update we include
- Bug fixes in export scenarios pdf generation
- Dark mode and Classic Mode UI enhancement
In this update, we
• Tweaked our Pre-Qualification Algorithm
• Refined Mortgage Insurance Algorithm
• Updated Minimum Payment Rules for Quebec
• Fixed the iPad landscape mode
• Fixed location services in maps
• Increased input limits in Pre-Qualification Tool
Last but not least, we are finally launching our new Referral Program for Mortgage Brokers. If you are a PRO subscriber and interested to partner with us in our referral program. Contact us through the in-app support chat.
- Resolved a PDF Bug that caused empty pages in the report
- Fixes an issue with large down payments in PREQ
- Updated PREQ rules for secure LOC greater than $50K
- New Interest rate input in Stress Test and the GDS/TDS calculator
- Brokers part of the CMA Referral Program can add notes in their admin console
- Lots of tiny fixes and translation updates
Thank you for using CMA. This update includes:
• Pre-Qualification On-Demand
PRO users can now generate personalized Pre-Q reports for their clients in less than 60 seconds.
• Advanced Payment Details
• Extra Payment Enhancements
• New Mortgage Summary Report
• New Payment Frequency Comparison Report
• New Land Transfer Tax Report with Details
• Many other UI enhancements
As always, you can send us feedback via our in-app support chat under the "Extra" tab.
--
The CMA Team
- 2020 Quebec Land Transfer Tax update (includes new cities)
- Fixed an issue in the amortization in certain scenarios with extra payments enabled
- Minor UI and performance enhancements
Brand New In-App Notification Inbox
Never miss important messages from the app again with this brand new shiny “tab” designed to keep all your messages and important notifications in one place.
With over 40,000 pre-qualifications, this tool has been a game-changer for Canadians. In this version, we are giving it a few much-needed refinements such as new property tax rates for 100+ new cities, deeper rate search, smart tips and now a "Ge Pre-approved" feature.
UI/UX and General Updates
Brand New In-App Notification Inbox
Never miss important messages from the app again with this brand new shiny “tab” designed to keep all your messages and important notifications in one place.
With over 40,000 pre-qualifications, this tool has been a game-changer for Canadians. In this version, we are giving it a few much-needed refinements such as new property tax rates for 100+ new cities, deeper rate search, smart tips and now a "Ge Pre-approved" feature.
UI/UX and General Updates
Thank you for using CMA.
We want to take this opportunity to wish all our users an amazing holiday and all the best in the new year.
Here is a new update
• Added the ability for PRO to switch between the classic or modern gradient colour scheme
• Set the default rate in the purchase calculator to be a "fixed" rate
• The default rates filter in the rate screen is now set to "fixed" rates
• Other Code cleanup and minor optimizations
Thank you for using CMA.
We want to take this opportunity to wish all our users an amazing holiday and all the best in the new year.
Here is a new update
• Added the ability for PRO to switch between the classic or modern gradient colour scheme
• Set the default rate in the purchase calculator to be a "fixed" rate
• The default rates filter in the rate screen is now set to "fixed" rates
• Other Code cleanup and minor optimizations
Thank you for using CMA.
We want to take this opportunity to wish all our users an amazing holiday and all the best in the new year.
Here is a new update
• Added the ability for PRO to switch between the classic or modern gradient colour scheme
• Set the default rate in the purchase calculator to be a "fixed" rate
• The default rates filter in the rate screen is now set to "fixed" rates
• Other Code cleanup and minor optimizations
Version 10.4 includes bug fixes and improvements.
This update:
• Upgrades internal libraries
• Fixes an issue that prevented the Stress Test option menu to show selection indicators
• Fixes an issue that prevented social media posts to preview the experts' profile picture
• Updates the french SMS share template text for PRO users
• Allows PRO users to enable mandatory login on their PRO app
As always, you can send us feedback via our in-app support chat under the "Extra" tab.
--
The CMA Team
• Custom Property Tax Rates
Turn on advanced mode and start entering a percentage for your property tax. The app then automatically calculates your monthly and annual property tax amounts from the home price.
• New Rates filter reset
In case your filters don't produce a result, this reset button appears and helps you to revert back to the default filters.
• Improved overall speed and reliability with a number of updates and bug fixes
Get Pre-Qualified right on your phone
Answer a few simple questions, and our world-class algorithm automagically calculates your maximum purchase price. It's super accurate as we've consulted with some of the top mortgage experts in Canada and interviewed lenders to understand their underwriting techniques
Other Update
• New app on-boarding design
• New login using email
• View details when you tap on any mortgage rate on the app
• Updated Montreal's Taxe de Bienvenue
• SMS reports from any tool
If you are renting out part of your new home (basement or the entire house), you can now enter in the rent you will be charging and see the impact it makes on the maximum mortgage you can borrow. This feature is very powerful and educational. Look for it in the stress test tool.
How it works:
•Visit the Stress Test tool
•Add Rental Income
•Watch your maximum loan increase :)
OTHER UPDATES
•The "Best Rate" card now shows $ savings
•Updated Montreal taxe de bienvenue
•Improved UI and UX
For Consumer
• CMA can now search through thousands of promotional rates to show you the best rate anywhere in Canada.
• CMA works now with secure office WIFIs
• Municipal taxes and Payment frequency updated report
• Property tax slider updated in the Stress Test Tool
For PRO subscribers
• Your Profile picture shows better on social media shares
• The summary report displays your office number
• The "Refer me" button can show you office #
• Your install web page fixed for certain networking apps
-Bug fixes and performance enhancement.
Three new features:
• Some of us know our monthly property tax and some use the annual amount in the purchase calculator. Guess what, we now support both ways. This feature also triggered other housekeeping tasks. As a result, the app runs even smoother than before.
• PRO subscribers can now share their custom app in French. C'est génial!!
• The Rates filter is now upgraded with a beautiful new design. It's now dynamic. This means we can add more filters without ever running out of space.
For Everyone
• Lots of UI enhancements
• Fixed a rare bug while filtering rates
• Fixed a bug on the iPad for login
• Fixed a bug when requesting a rate quote
For Realtors and Brokers (PRO Subscribers)
• You can show or hide your ad as a Local Expert
• Brokers can now add their own refinance & rental rates
• Fixed a bug that resulted in incorrect logo when adding custom rates
• Custom Rate last updated timestamp in the admin console
• Added five new colour theme options and 1 new menu
Just like there is an app for everything, there is also an "interest rate" for different mortgages.
You can now find rates designed for "refinancing" and "rental properties". Simply set the filter in the rates tab and find rates for your special scenario.
We handpicked some of the top professionals in the industry to help you find the best deals across Canada. They do volume with all the lenders so they get the best rates. Simply "Get a Quote" on the app and get your custom rate. It's free!
-Calculation precision improvement
-Bug fixes
-Performance enhancement
Here is what's new in this version:
- Major server upgrade for better performance
- Enhanced localizations for french users
- Improvements to the profile image
CMA PRO
- Fixed a rare issue that affected Realtors with multiple mortgage broker partners
- Fixed expert map for experts at the same location
"To improve is to change; to be perfect is to change often" - Winston Churchill
and yes, we have changed a few things, actually re-designed the Canadian Mortgage App from the ground up. We've organized all the tools and features in order to make room for all the goodies planned in our 2018 roadmap.
+ new dashboard with cards
+ new tabs for rates and extras
+ better screen allocation
+ improved calculators
+ advanced option menus
+ more intuitive scenario saves
+ more branding for PRO
- Session security enhancements- New BC Land Transfer for homes $3+ million- New BC Foreign buyers tax is now 20%- Fixed profile picture aspect ratio- Fixed summary reports displayed in outlook- Fixed cropping or setting non-square images
+ FIne tuned the stress test algorithm.
The 2018 Stress Test Tool just got better+ Choose between "purchase" or "refinance" and let CMA figure out the correct stress test rule for you.+ New Custom GDS / TDS. Based on demand from our facebook group "Canadian Mortgage App Professionals", we have added this custom setting in the Stress Test Tool.+ French text entry fixed. Désolé pour ça.+ Max Amortization increased to 40 years based on 1 user feedback. Yes, you have the power to change the world and CMA.
2018 Stress Test ToolDetermine the maximum Loan that you qualify using the new 2018 stress test guidelines. Go even further and adjust advanced insurability and GDS/TDS settings to fine-tune your stress test rate and maximize your buying power.Special thanks to our new Facebook group "Canadian Mortgage App (Professionals)" whose professional members (some of the leading industry experts in Canada) have kindly contributed to the overall design and functionality.
• One touch login using Linkedin. Yay!!!• Search for rates based on your down payment• PST on Mortgage Insurance for Saskatchewan- Fixes issue where CMHC not added to total loan amount• The closing cost tool now also shows the real percentage
• One touch login using Linkedin. Yay!!!• Search for rates based on your down payment• PST on Mortgage Insurance for Saskatchewan• UI improvements for larger texts and darker colours• The closing cost tool now also shows the real percentage
+ Discover the new menu on the Home Screen with all the essentials tools at your finger tips..+ For foreign buyers and non-canadian citizens, we have included the option to determine the Ontario Non-resident speculation Tax and the Vancouver (GVA) foreign buyer tax.+ If you are doing a renewal or a refinance, you can finally turn off land transfer tax calculations all together.+ If you were previously stress testing your mortgage, you will now see the qualifying rate increased to 4.84%.
-Stability and performance improvement