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. These rates are currently around 4.6%. Here is a mortgage affordability calculator to help you in your preparation. Please note that this is simply a tool: buyers will still need to be properly pre-approved thru their lenders.
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About the PublisherBo Kauffmann is a residential real estate agent with over 18 yrs experience in helping buyers and sellers achieve their goals. Inducted into the REMAX Hall of Fame in 2010 and receiving the REMAX Lifetime Achievement Award in 2019, Bo has sold over 500 houses and condos in the Greater Winnipeg market. He is an accredited buyer representative (A.B.R.) and a Luxury Home Marketing Specialist. Bo provides exceptional service to First-Time Home-Buyers, Seniors looking to downsize and Home Sellers of all ages. He can be reached easily By E-Mail or call/text him Call/Text Here
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