How much home could your rent buy?
Mortgage rates continue to be wonderfully
low and, in fact, homeowners are locking in some of the lowest rates in
history. This Great Canadian Mortgage Sale is a good time to take a look
at how much mortgage you could afford given your current rent. Your dream
home may be more affordable than you think!
Rent
Today
Mortgage Tomorrow*
Home Purchase
$1,250
$254,363
$254,363
$1,500
$297,600
$305,135
$1,750
$347,200
$355,908
$2,000
$396,800
$406,680
Your monthly rent cheque doesn’t have to be
money out the window. It could be building equity in your own home.
Keep in mind that home ownership involves
costs beyond the monthly mortgage payment like utility bills, insurance, and
property taxes. We can help you determine what you can comfortably
afford.
Get
pre-approved today and have your rate held for 120 days! This way you don't have
to worry about rates rising while you are house hunting, and both realtors and
sellers will know you're serious, which means you'll be in a good position to
get the home you want.
Don't miss out on the Great Canadian
Mortgage Sale!
*Assumes 25-year
amortization, 5% downpayment, 2.75% mortgage insurance premium, 5-year term,
3.59%, OAC,
subject to change. For illustration purposes only.
Michelle Nataren
Mortgage Agent
519-675-8798
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