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Do you have 25% of the purchase price available as a downpayment? If not, don't worry, you can still purchase a home with as little as 5% downpayment - but - you will require morgage insurance - just click on the CMHC logo above to learn more.
Or by clicking calculator below you can have Eleanora do it all for you!
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"Service with Results!"
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How Much Can You Afford?
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 Let me help you find out what you can afford!
My mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.
A) Complete the fields below (e.g. Cost of Home, Down Payment, Monthly Income) and click Calculate Now.
B) To view the different results of your calculation, click on the various tabs.
C) To e-mail yourself a copy of your results, click the Receive this Detailed Analysis link.
 Presto! It will arrive in your inbox . . . 
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Information is deemed to be correct but not guaranteed. Not intended to Solicit Properties currently listed for sale or Buyers under Buyer's Agency.
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Receive this Detailed Analysis
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Your Monthly Payments
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6 Things You Must Know Before Obtaining a Mortgage
Before you commit your hard-earned dollars to monthly mortgage payments, consider these 6 issues. Effective consideration of these important areas can make your payments work much harder for you.
1. You can, and should, get pre-approved for a mortgage before you go looking for a home. Pre-approval is easy, and can give you complete peace-of-mind when shopping for your home.
2. Know what monthly dollar amount you feel comfortable committing to. When you discuss mortgage pre-approval with your lending institution, find out what level you qualify for, but also pre-assess for yourself what monthly dollar amount you feel comfortable committing to.
3. You should be thinking about your long-term goals and expected situation, to determine the type of mortgage that will best suit your needs. There are a number of questions you should be asking yourself before you commit to a certain type of mortgage.
4. Make sure you understand what pre-payment privileges and payment frequency options are available to you. More frequent payments (for example weekly or biweekly) can literally shave years off your mortgage & NOT EVERY mortgage has pre-payment privileges built in, so make sure you ask the proper questions.
5. Ask if your mortgage is both portable and/or assumable. A portable mortgage is one that you can carry with you when you buy your next home and avoid paying any discharge penalties. An assumable mortgage is one that the buyer for your home can take over when you move to your next home.
6. You should seriously consider dealing with a Mortgage Expert. Consider dealing only with a professional who specializes in mortgages. Typically there is no cost or obligation.
If you are looking at obtaining a mortgage then please allow me to introduce my Mortgage Expert - Eleanora Van Orman, Upper Canada Funding @ 416-944-9777. Eleanora specializes in all aspects of the mortgage industry and can assist you in achieving home ownership simply and affordably. Visit her website @ www.vanorman.ca & learn all about her and her services today.
To learn more detail about these important mortgage details & more - order my free reports today! Just click on the tab “Informative Reports“ & presto they will arrive in your in-box!
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