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Royal LePage Terrequity Realty, Brokerage

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HOW MUCH CAN I AFFORD TO PAY FOR BRAMPTON CONDOS OR TOWNHOUSES FOR SALE?

 

To determine 'affordability' you will first need to know your gross income along with the amount of any debt outstanding and the monthly payments. Assuming it is your principal residence you are purchasing, calculate 32% of your income for use toward a mortgage payment, property taxes and heating costs. If applicable, half of the estimated monthly condominium maintenance fees will also be included in this calculation.
 
 
Second, calculate 40% of your gross income and deduct all of your monthly debt payments, including car loans, credit cards, lines of credit payments. The lesser of the first or second calculation will be used to help determine how much of your income may be used towards housing related payments, including your mortgage payment. These calculations are based on lenders' usual guidelines.
 
 
In addition to considering what the ratios say you can afford, make sure you calculate how much you think you can afford. If the payment amount you are comfortable with is less than 32% of your income you may want to settle for the lower amount rather than stretch yourself financially. Make sure you don't leave yourself house poor. Structure your payments so that you can still afford simple luxuries.
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Homes for sale in Brampton

Search all homes for sale in Brampton, Ontario from this site.  This site also offers homes for sale in Mississauga, Oakville, Toronto and Burlington, Ontario.  It will also show real estate in the greater GTA (Toronto real estate).

Brampton is a fabulous city to live in.  Not only are the prices for homes for sale in Brampton very reasonable compared to Toronto real estate but there is also such a wide choice of different living styles to choose from.  Brampton real estate truly does offer something for everyone.

If you are thinking about shopping for real estate in Brampton, Marlene Wright and the team at Sutton Group Summit Realty will help you facilitate your move to your new home.  Of course, using the services of our professional real estate buyer's agent is completely free to you.  You will not need to pay a dime out of your pocket.

Brampton Real Estate Sales

With such a vital decision on your mind, the stress of searching for a house can be taken care of by Marlene and her team of professionals at Sutton Group Summit Realty Inc..  We live and breathe Brampton Real estate every day.  We can help you by providing assistance with making sure that you get the best possible place for the best possible price by putting our strong negotiating skills to work for you.

We can work to assure that you will definitely experience a smooth, efficient and stress free property purchase transaction.

When it comes to homes for sale in Brampton, Marlene has been 39+ years in real estate and will be here every step of the way to answer all your questions and to help you make the most informed decisions possible.

If you are selling a home or any type of Brampton Real estate, you have come to the right place.  Your home will be advertised world wide on thousands of real estate websites across Canada including MLS.CA, Sutton.com and many others.    We are professionals at selling homes in Brampton because that's what we do for a living on a full time basis.

Brampton Real Estate, and Real estate for sale in Brampton, Oakville Real estate, Toronto and the GTA

If you are curious about a sound real estate investment, look no further than Brampton and Oakville, Mississauga and the GTA.  Over my 39+ years in real estate Homes in this area have a proven track record and shown that Brampton real estate is a good investment.

Royal LePage Terrequity Realty, Brokerage, independently owned & operated. If your looking for Brampton real estate or homes for sale in Brampton. Townhouses and condos for sale in Brampton, Mississauga homes for sale, Mississauga condos for sale, Townhouses for rent in Mississauga. Brampton Real estate, Oakville Real Estate, Toronto Real Estate, Burlington Real Estate.
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