× Our work Why it's free Our clients About us Our calculators Our tips & tricks Our rates Application Contact us Alert
Alec Schmidt

Alec Schmidt

Trainee in mortgage brokerage


(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.

Sign up for our email alerts in order to not miss out on anything in our blog! Feel free to share this article with your friends, colleagues and family who might need it.

The content of this website is protected by copyright which is the exclusive property of Mortgage Planners – Mortgage Agency .

Subscribe to Newsletter


May 27 2022

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%

Sign up for our alerts and receive one of the following:

  • Our Tip of the week, and/or
  • Our Monthly summary of our tips, and/or
  • 2-4 emails a year on major changes in the field, and/or
  • Renewal; 3 emails 8 months, 6 months, 3 months before the end of your mortgage loan, and/or
  • Tips and tricks for buyers; sequence of 24 emails over 24 weeks

In addition to receiving the information, you will have access to our calculators, our rates and our contact information.

Let us orchestrate the details of your mortgage!