{"id":5325,"date":"2019-05-16T09:24:38","date_gmt":"2019-05-16T13:24:38","guid":{"rendered":"http:\/\/caissealliance.absoludev.ca\/?p=5325"},"modified":"2024-11-19T13:42:49","modified_gmt":"2024-11-19T18:42:49","slug":"your-price-range","status":"publish","type":"post","link":"https:\/\/www.caissealliance.com\/en\/personal\/home\/your-price-range\/","title":{"rendered":"Your price range"},"content":{"rendered":"

How much do you have for a downpayment? Will you be able to repay your debts in the years to come? It\u2019s crucial that you do all the calculations to choose a home that you\u2019ll be able to pay and that makes it possible for you to carry out other projects. View interest rates here.<\/a><\/p>\n

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  1. Draw up your budget<\/li>\n
  2. Save your downpayment<\/li>\n
  3. Calculate your mortgage payments and how much you can spend on a home<\/li>\n
  4. Estimate start-up costs<\/li>\n<\/ol>\n

    1. Draw up your budget<\/h2>\n

    It\u2019s crucial to do all the calculations, based on your income and expenses, to find out how much you can afford to spend on a property.<\/p>\n

    Find out more \u2013\u00a0<\/strong>Contact your caisse advisor<\/p>\n

    2. Save your downpayment<\/h2>\n

    When you get a mortgage loan, you are obligated by law to invest an amount taken from your personal assets. This is called the downpayment.<\/p>\n

    Minimum downpayment required<\/strong><\/p>\n

    Generally, a mortgage requires a minimum downpayment of 20% of the lesser amount between the cost and market value of the property.<\/p>\n

    Main downpayment sources<\/strong><\/p>\n