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Mortgage Rules How Much Home Can You Afford?

Blog by Julie Fairhurst | October 22nd, 2017

So, this is how nasty it will be for you if you are buying a home after January 2018!  I don't have many clients who take a 2-year mortgage term, it is usually between 3 to 5 year terms that they choose.  Notice the difference in $$$ that you will qualify for after January 2018.  If you make around $60,000 you might be able to qualify for a 1-bedroom condo.... maybe!  Talk to your mortgage professional right away to be sure you are informed with regards to your personal situation.

Julie Fairhurst
Royal LePage Northstar Realty