How much can you afford when you buy a house?
Getting a pre-approval from your financial institution is a very important step in the mortgage process, for a few reasons. Mortgage pre-approval helps to establish your budget for your new purchase. Plus, changes happen with mortgage rules all of the time. So your budget may be different now than it was a few months ago.
Imagine finding the home of your dreams—only to discover that you can’t obtain the mortgage you require to purchase this home. I would be happy to provide a short list of mortgage specialists for you to contact.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate.