Lisa Hopkyns - Sales Representative
24hr pager:  613 692 2555    
Stonebridge Properties for Sale
Direct line:  613 227 1773    
Toll Free:  1 800 387 2526    
Stonebridge Properties for Sale
lisa@stonebridgehomes.com    
Stonebridge Properties for Sale
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5510 Manotick Main St
PO Box 803
Ottawa Ontario K4M 1A7
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Qualifying for a mortgage

Your Royal LePage agent can arrange to have you pre-qualified for a mortgage before you start shopping for a home. It's easy, and you'll avoid possible disappointments down the road if you fall in love with a place, then find out you can't afford it. Plus, once you do find the perfect home, it will mean you can make an offer immediately.

Here's how mortgage approval works: the amount of money you qualify for, plus the amount of cash you can put down equals the amount you can afford to spend on a home. Most lending institutions won't allow more than about 30% of your income to support a mortgage. If you have other debts, they usually won't allow your debts and your mortgage to exceed 40% of your income.

Copyright © 2010, Lisa Hopkyns