Buying at the top end of your pre-approval
price could be setting you up for many dull years to follow.
WHY?????
BECAUSE, YOUR HOME COST IS MORE THAN JUST A MORTGAGE PAYMENT.
There are property taxes, maintenance, utilities and more due every month. If those add up to 35% of your total income, you’re on the right track.
If not you might have to sacrifice in other categories such as vacation, debt repayment or savings. Take a look at the pie chart to see how you can be life rich instead of house poor!
Need Help Fitting A Home Into Your Budget? Call Canadian Mortgage Brokers Today!
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