This is probably the most important question you ask yourself.
In the mortgage consultant’s jargon we are talking more about “comfort zone”. Indeed our concern as an advisor is to evaluate as accurately as possible the level of payment with which you will be comfortable.
At Planipret Mortgage Agency, our philosophy is to find the most realistic level of borrowing for you. We are committed to your budget balance.
From a technical point of view the banks require to respect a debt ratio for the future property of 19%. That is, housing expenses will not exceed 39% of your gross income. Example you earn $ 3000 / month, you have $ 1000 a month mortgage, school taxes, municipal taxes and heating. Your debt ratio is therefore 33%.
At the level of the analysis we have other indicators to respect. The goal is to enable you to achieve your dream while ensuring that you will be comfortable in your personal life.
Call us now, as part of a pre-qualification, your advisor will also discuss with you the following concepts: