As you view different properties, use this free checklist to evaluate which home is right for you. Download The Home Buyer's Checklist
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Am I Financially Ready to Buy a House?
Use the Mortgage Qualifier Calculator -
As a general rule, your monthly housing costs
(including mortgage principal and interest, taxes and heating) shouldn't add up to more
than 32 per cent of your gross household monthly income.
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How Much Will My Home Actually Cost Over Time?
Use the Payments and Amortization Calculator -
Most mortgages are amortized over a 25-year period, meaning that's how long it will take for your combination of interest and principal payments to eliminate the balance on your mortgage.
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What Kind of Mortgage Will I Qualify For?
Use the Ontario Mortgage Comparison Calculator -
Depending on your current financial
situation
and the size of your down payment, you may qualify for either a conventional
or high-ratio Ontario mortgage.
What Now?
Your next step is to determine your down payment for a house in Ontario. Don't forget to download your free guide below that will answer your home buying questions.
Find Trenton Real Estate For Sale

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