You’ve been a home owner already so you have a good sense of what you can manage from one month to the next. For many of us, buying a new home means moving into a more expensive home – that’s why we call it an upgrade! If you’re going bigger with your new home, make sure you don’t go bigger than you can afford. Look at your current budget and come up with a maximum amount you’re willing to spend. Our mortgage calculator will help you get to this number, and remember just because we’ll lend it, doesn’t mean you need to spend it.
When renovating, start your project by looking at your budget. Balance the work you want to do against the amount you have available to spend. Think about how much money you can take out of savings, and consider how much loan repayment you can add to your monthly budget. If you need help, we’re here. Give our Contact Centre a call at 1.866.863.6237.