What Can You Afford? Think About Balance
Although the thought of paying a mortgage is more enticing than paying rent, it's important to understand all the costs involved in buying and owning a home as you go about determining what you can afford to spend on your new home.
While you may qualify for a certain mortgage amount, you should also consider how it will impact your lifestyle and other things that are important to you.
Potential buyers sometimes forget to factor in the down payment, homeowners insurance as well as the costs associated with closing the transaction and moving, not to mention ongoing costs associated with owning a home.
My job is to help you determine “what you can afford” and help you reach your goal as quickly as possible- not just what you can qualify for. The calculators below can give you an idea of costs - have a look at them and then call me -
I will help you determine what the best property will be for you – help you determine all the costs associated with your plans and help you make a plan to maintain your current lifestyle with the mortgage payments you're considering.
Links to other helpful calculators:
Child Custody Calculator
CMHC Premium Calculator