If you are a first time home buyer or someone who is considering purchasing a home, it is essential to have an idea of what you can afford. If you are just in the ‘thinking about it stage’ then there are some tools out there to help you get a feel for what type of a mortgage you may be able to afford. Be aware that these tools are just a starting point, and if you are a serious and committed buyer than you need to sit down with a mortgage professional to find out what your actual budget is.
Also be aware that there are many other additional costs associated with buying a home (think moving costs, property transfer taxes, utilities, legal fees, etc…) For a fun and quick way to find out a ball park idea of what you can afford, see the below link for access to some different mortgage calculators.
For any real estate assistance in the Oakville, Burlington, Milton area contact Mary at email@example.com