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Alec Schmidt

Alec Schmidt

Trainee in mortgage brokerage

Language(s):
French
English

aschmidt@planipret.com
(514) 262-0351

173A, boul. Saint-Jean-Baptiste , #4
Châteauguay, QC
J6K 3B4

Find out how to calculate the mortgage you can afford

First of all, it is important to differentiate between the maximum sum that you can afford and the maximum sum permitted by banking and government regulations.

In reality, even if financial institutions are ready to offer you a $400,000 mortgage loan, it doesn’t necessarily mean you can afford it because of many contributing factors which depend on your lifestyle.

The first step in any project involving a mortgage loan is to establish your budget. The link below will help you accomplish this.

Establish your budget

Once you have established the maximum monthly amount you can devote to a mortgage loan, you can use the "From Tenant To Home Owner" calculator to find out the mortgage equivalent of this sum: click here

Now, all you have to do is see if you qualify for a mortgage loan as per the financing policies of financial institutions and banks.

Don’t hesitate to phone or email us to verify your real borrowing capacity.

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RATES OF

May 27 2022

TERMS BANKS MORTGAGE PLANNERS
1 Year Fixed 4.39% 3.09%
2 Years Fixed 4.94% 3.39%
3 Years Fixed 6.84% 3.89%
4 Years Fixed 6.84% 4.09%
5 Years Fixed 6.84% 4.14%
5 years Variable 3.35% 2.25%
7 Years Fixed 5.80% 4.34%
10 Years Fixed 6.60% 4.54%
HELOC 4.20% 3.70%

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