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Financing & Buying Power
If you’re in the market for a new home or investment property, one of the first questions you’ll probably ask is, “What can we afford?” Many buyers become so caught up in how much they can afford that they don’t realize their total buying power—that is, the total amount of purchasing potential they actually have. Your buying power is comprised of the total amount of money you have available each month for a mortgage payment. This means the money you have each month after fixed bills and expenses. Any money you’ve saved for a down payment, the proceeds from the sale of your current home, if applicable, and the amount of money you’re qualified to borrow all impact your buying power as well. Please visit our Calculator page to find out how much is your buying power.
We at GTA Lifestyles will be happy to discuss your buying power with you. Nasim Yusufi’s many years of experience in Real Estate industry will be to guide you through the buying process for resale homes or condos or pre-construction Homes and condos in Toronto. Ultimately he will help you to achieve your real estate goal.
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