checked how much we can borrow, is it worth it?
Feb 9th 2009 | 6:24 am
#17
Forum Regular
Joined: Aug 2008
Posts: 134
Re: checked how much we can borrow, is it worth it?
Hi all,
i had a quick look at a canadian mortgage calculator and it would appear the max house price we could afford is about $245k. ive looked at calgary and were not getting anything much decent for that! it makes me question if it is plausable to make the move? not that we want a mansion but i certainly wouldnt be downgrading from what we have, opinions plz?
thanx
i had a quick look at a canadian mortgage calculator and it would appear the max house price we could afford is about $245k. ive looked at calgary and were not getting anything much decent for that! it makes me question if it is plausable to make the move? not that we want a mansion but i certainly wouldnt be downgrading from what we have, opinions plz?
thanx
Did you use a banks mortgage calculator? I did and i could only borrow $300k, I then spoke to a Canadian Mortgage broker and i can be approved for $400k. It was the same in the UK, the banks said not a lot the financial advisor said not a problem.
As others have said, we came to calgary because we wanted to come to calgary. We are renting and have been since we got here in october. As i now know what i can borrow we will spend the spring and summer researching areas, finding the right place to live then buy when our rent is up later this year.
Rent first, settle in, build up canadian credit, get to know the areas, you will meet people who will recommend a mortgage broker and you will find out that $245k might be higher.
Feb 9th 2009 | 1:12 pm
#18
BE Forum Addict
Joined: Feb 2007
Posts: 1,639
From: Okotoks, Alberta
Re: checked how much we can borrow, is it worth it?
Did you use a banks mortgage calculator? I did and i could only borrow $300k, I then spoke to a Canadian Mortgage broker and i can be approved for $400k. It was the same in the UK, the banks said not a lot the financial advisor said not a problem.
As others have said, we came to calgary because we wanted to come to calgary. We are renting and have been since we got here in october. As i now know what i can borrow we will spend the spring and summer researching areas, finding the right place to live then buy when our rent is up later this year.
Rent first, settle in, build up canadian credit, get to know the areas, you will meet people who will recommend a mortgage broker and you will find out that $245k might be higher.
As others have said, we came to calgary because we wanted to come to calgary. We are renting and have been since we got here in october. As i now know what i can borrow we will spend the spring and summer researching areas, finding the right place to live then buy when our rent is up later this year.
Rent first, settle in, build up canadian credit, get to know the areas, you will meet people who will recommend a mortgage broker and you will find out that $245k might be higher.
Eamonn & Janet.
