Mortgage Affordability Calculator: How Much House Can I Afford?


Anyone who wants to buy a house or condo is asking this question: How much will I qualify for? Under the new mortgage rules, brought in by the federal government in October 2016, home buyers who put down less than 20% need to qualify for the ‘posted’ interest rates. ย These rates are currently around 4.6%. ย Here is a mortgage affordability calculator to help you in your preparation. ย Please note that this is simply a tool: ย buyers will still need to be properly pre-approved thru their lenders.


Check out our Podcast