How do I begin to plan my financing?

House hunting begins at home… with planning. Before you hit the streets with your favourite Royal LePage REALTOR®, you need to know what you can afford to make the most of your house hunting experience. Knowing your affordable price range will save you time and energy.

As experts in mortgage financing, a mortgage agent or broker will review your individual home financing options with you, help you obtain a pre-approval, and help you shop with confidence knowing how much you can afford.*

*Subject to conditions.

Down Payment

How much will I initially need to purchase my new home? You will need enough funds to cover your down payment and closing costs, as well as the remaining balance on the cost of the home… Learn more about down payments.

Your Credit

An important step in securing mortgage financing is the credit check. As a routine part of the application process, the lender will order a copy of your credit bureau report… Learn more about your credit report.

Know What You Can Afford

How high will my monthly mortgage payments be? Knowing your affordable price range will bring your house hunting into focus. How much of a house you can afford depends on three things… Learn more about how much you can afford.

Getting Pre-Approved

Why should I apply for a mortgage pre-approval? If you get pre-approved for home financing, you will save time and increase your comfort level when shopping for a home… Learn more about getting pre-approved for a mortgage.