How much of a home can I afford

The easiest and most time efficient way of finding out how much you can afford is to have a qualified professional do this for you. Mortgages can be obtained directly from the financial institutions or through a Mortgage Broker. I prefer my clients to use an experienced Mortgage Broker to complete their financing requirements. Here's why, the Mortgage Broker specialize in mortgages and know how to deal with roadblocks that occasionally occur. The Mortgage Broker works on commission paid by the financial institutions to bring the completed deals their way and there is no additional cost to you, meaning they will work hard to ensure you are satisfied. Finally the Mortgage Broker has access to a number of financial institutions to complete the deal and can ensure that you are getting a very competitive interest rate and terms for your mortgage. If you would like to speak with a qualified Mortgage Broker check out my trusted professionals page for names of brokers I have grown to trust.

If you would like to do some calculations first, check out this link to Royal LePage's worksheet to determine how much you can afford.