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Determine What You Can Afford!
If you're thinking of buying a home, or transferring or refinancing your existing mortgage, you're going to like the handy mortgage calculator you can link to below. Use it to help you determine:
- How much you can afford to spend on a home purchase.
- What your mortgage amount and payments will be and compare different ways of paying your mortgage off faster.
- Whether you can transfer or refinance your mortgage.
- What you can afford for home improvements or cash take-out on your home.
Get a pre-approved mortgage certificate
A pre-approved mortgage certificate is a written commitment that you will get a mortgage for a set amount of money, at a specific rate of interest that is guaranteed for 60 to 120 days, depending on the financial organization you choose. The commitment is made subject to a financial assessment and property appraisal. The service is free and without obligation.
Why is it a good idea to get a pre-approved mortgage?
A pre-approved mortgage gives you an edge. Before you even go house hunting, you will know the size of your mortgage, the interest rate, and the size of your monthly mortgage payments. With your financing already mapped out, you can concentrate on finding the right home in your price range.
Please feel free to use the links below to help you calculate the mortgage you can afford, or to contact me, for local names and numbers of mortgage brokers and banks.
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