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Today: 20.01.2018 - 03:24:28
   Canada Mortgage Hub Discussion Board -> Mortgage Toronto -> What kind of mortgage do I qualify for in toronto?
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prt_alien

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What kind of mortgage do I qualify for in toronto?
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preamptive

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Although there are alot of factors that contribute to your qualifying for a mortgage, a quick calculation shows that you can qualify for a mortgage of $240,000, then with your down payment, you can by a place for around $300,000.A sit down with a mortgage broker (not a bank) will get you a better idea.
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preyes8827

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Based on the following information:1. Annual Family Income: 60,000 gross income2. Annual Property Taxes: (estimate) $3600 per year3. Monthly Heating Costs/Condo Fees: (estimate) $85 per month - this is what is used on a mortgage application4. Minimum Monthly Payments for Loans/Credit Cards:used $05. Monthly Secondary Financing Payment:$06. Interest Rate:3.49%Maximum Mortgage $245,000Monthly Payment $1215 based on a 25 year amortizationWith you down payment of $70,000 up to $315,000If you had a amortization of 35years then up to $365,000Good Luck!
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