1: Home Affordability Assessment
Credit score rating
Stable Lifestyle Job/Location
Down Payment
Closing Costs ~ 2% of purchase price
Maintance Costs ~ 1% of purchase price
Mortgage Pre-Approval
2: Home Ownership Costs
Mortgage
Mortgage Protection Insurance/Life Insurance
Mortgage Loan Insurance
Home Insurance
Utilities
Property Taxes
Condo Fees
3: Financial Advisors
Investments
Help Build Emergency Fund
Tax Planning
Life Insurance
Debt MGMT
Government programs
4: Purchasers on work permit
Valid work permit
Min 183 days remaining on work permit
Residency proof
Single property purchase
5: Affordability calculator
Total monthly house costs
Total monthly debt costs
Gross annual income
Federal stress test
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