How to Buy a New Home
How much mortgage can I afford? Buying a new home requires a great deal of planning and it’s useful to know what to prepare for. Our mortgage calculator will help you estimate your payment amounts, depending on variables such as, frequency of payments, length of the loan, and the term of the loan agreement. You can also read more about how to get pre-approved for a mortgage in Ottawa.
The information contained and displayed on this website is solely for the estimation of approximate mortgage terms. It may not necessarily reﬂect the actual amounts, and terms of a mortgage. Always use a mortgage broker or lender to determine and obtain the speciﬁc payment amount eligibility. Minto Communities and its affiliated companies assume no liability for the accuracy of the information displayed on this page. To qualify for a mortgage loan at a bank, you will need to pass a “stress test”. You will need to prove you can afford payments at a qualifying interest rate which is typically higher than the actual rate in your mortgage contract.