Mortgage affordability in Canada is one of the first things to look into if you are looking to become a first-time home buyer, relocating to another province and purchasing a home, or purchasing a more expensive home –you will want to know if you can afford to purchase a home.
As a first-time home buyer, you want to ensure that you can afford a mortgage. Some things to do before you finalize a mortgage include:
- Check your credit
- Improve your credit score is it’s poor
- Set a budget for the mortgage that you can afford
- Take into consideration other costs like closing costs, moving, and so on
A mortgage calculator can also help you if you already have a mortgage. You can use the calculator to research mortgages to replace your existing one or to refinance.
Income Qualifier Calculator
Inquire About these Low Rates
You can contact The Financial Forum at 905-265-0246, or email us at mortgages@thefinancialforum.ca. You can also find a contact form, as well as a map to our office, on our contact page.
Mortgage Calculators for Mortgage Affordability in Canada
By using a Mortgage calculator you can see if you can afford a mortgage. A Mortgage Affordability/Income Qualifier Calculator will assist you in determining how much mortgage you can afford.
A mortgage and home purchase is long-term so ensure you take the necessary steps to find out if you can afford the mortgage. Finding the right mortgage can save you thousands over the course of your mortgage, at The Financial Forum, we find the best mortgage rates from top brokers and agents across Canada for you.
