Know What You Can Afford

How high will my monthly mortgage payments be?

Knowing your affordable price range will bring your house hunting into focus.

How much of a house you can afford depends on three things:

How much you can afford for the monthly mortgage payment

How much of the down payment you have available

The amortization, or length of time required to pay off the loan, assuming interest rate does not change

TD Canada Trust can help you determine what you can afford. Mortgage calculators are available to show you what payments to expect, and how you can save money over your repayment period:

The Mortgage Affordability Calculator shows you how much you can afford
The Mortgage Payment Calculator works out the mortgage payment plan that is right for you

Return to: Organizing Finances

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Dale has answers to a lot of your questions and more professional tips to make your real estate transaction more pleasurable.
Call or E-mail Dale or click on "Ask Your Own Questions."

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Dale can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area.
If you would like him to help you locate a home, please fill out his Information Request Form.

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Or perhaps you are considering selling your home in the near future, he can also offer you a
Free No-Obligation Market Evaluation Form.

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Royal LePage Performance Realty is Independently Owned and Operated, Brokerage
© Copyright 2007 all right received. www.daledelahunt.com

Designed and maintained by: John Smillie/Lasting Impressions