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Use of property 3.
Income needed for 300k mortgage canada. Here are a few. The are a lot of variables in determining mortgages. Current debt to income ratio 4. It assumes a fixed rate mortgage.
Amount of down payment let s assume best case scenario. This page will calculate how much you need to earn to buy a house that costs 300 000. Use of property 3. Your maximum affordability is also constrained by the qualifying mortgage rate set by the bank of canada.
Current debt to income ratio 4. Current credit score 2. The are a lot of variables in determining mortgages. Current credit score 2.
A good rule of thumb is to spend no more than 28 of your pre tax income on your mortgage payment. Here are a few. Affordability maximum affordability this is the maximum home price you can afford based on your income or combined income and expenses. Amount of down payment let s assume best case scenario.
Excellent credit the home will be your prim. Excellent credit the home will be your prim.
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