Some essential “Tools” needed before buying a Property:
Is it better to buy or rent?: “Compare the costs of buying and renting a home” (click to read more)
Know the numbers you need to know about a Mortgage: “This calculator determines your mortgage
payment and provides you with a mortgage payment schedule. The calculator also shows how much money and how
many years you can save by making prepayments.” (click to read more)
What is the maximum amount of debt you should not exceed: “The first rule is that your monthly
housing costs should not exceed 32% of your gross monthly household income. Housing costs include monthly mortgage
payments, taxes and heating expenses. If applicable, this sum should also include half of monthly condominium fees.”
(click to read more)
Compare the Mortgage rates out there: “Updated daily” (click to read more)
Find out when you will become Mortgage-free: “This calculator, which uses a common compound interest
formula, will determine how long it will take you to pay off your debt” (click to read more)