It is important to determine the maximum amount
of the mortgage that you may qualify for before you start to
look for your new home and it's simple.
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First click
here determine the Maximum Mortgage Amount
for which you may qualify* and to calculate your Monthly Mortgage
Payments.
Then determine the affordable mortgage amount that you feel
most comfortable with, add your estimated down payment to
this amount and you are ready to start looking.
Click
here to calculate land transfer tax.
* These calculations are estimates to be used
as a guideline only and subject to final approval by the lending
institution of your choice
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Getting off to the right start can save you both time
and money, just to mention two of the advantages of
knowing exactly how much you can afford at the very beginning
of the buying process. With a pre-approved mortgage, you can
hunt for the right home and at the right price, knowing that
you will qualify for the mortgage. A pre-approved mortgage and
rate guarantee lets you lock in your interest rate for as long
as 60 - 90 days, if interest rates increase during this period,
yours won't. If your mortgage is funded within the guaranteed
period and interest rates are lower on the funding date, you
will receive the lower rate. |
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