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Mortgage Affordability Calculator Canada

By Mark
Edited by Admin
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Mortgage Affordability Calculator Canada
 Mortgage Affordability Calculator Canada
 

I have seen multiple different kinds of mortgage affordability calculators and similar tools online.


I was just wondering if these tools are indeed accurate and whether or not they can really give me an idea of what I can be spending on a mortgage.


Would the use of a mortgage affordability calculator make a difference?

Mortgage Affordability calculator Canada

Answers

By Canadalend

Mortgage Affordability Calculators are accurate as they take your GDS ratio and your TDS ratio into account and use your monthly income in order to calculate one’s financial status, and the maximum price that an individual should be considering when buying a house. 

 

A mortgage affordability calculator would make a huge difference when budgeting out if you can afford a home or not as the calculator takes into account all expenses an individual has, and all expenses that come with buying a house (i.e. insurance, tax, heating etc.)

 
Mortgage Affordability Calculator Canada
 
Mortgage Affordability Calculator Canada
 
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5 comments
Level 4 (XP: 1250)
11 months ago
Our mortgage calculator section has been updated with more information and definitions to help you better understand your options.
Level 4 (XP: 1250)
last year
Thank you for the feedback, contact our team directly for more information about the options available to you
Level 7 (XP: 2900)
very helpful thanks
Admin
Canadalend
last year
Please feel free to make use of the different financial calculators available on our website, thank you for commenting.
Level 11 (XP: 5350)
what a useful tool! Thank you for sharing!

Reviews

4 member reviews
    By Mark
    Thank you Canadalend for helping me with mortgage approval advice.
    so hellpful with their responses to mortgage related questions
    The Canadalend team helped me when I had no where else to turn. Thank you so much
    By Flux
    Very Helpful financing and lending information!
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