With so much self serve information it's important to get the right details.
You can determine how much of a home (mortgage) you can afford by considering your income and adjusting for expenses. Adjusting your down payment amount will impact your overall purchase price.
Calculate what your saving will be when renewing your mortgage; REMEMBER your savings will be over 5 years, the new term of your mortgage.
Using the Mortgage Qualifier displayed here permits you to calculate different scenarios ADDING maintenance fees and taxes, into the budget calculations to forecast realistic expenses.
Using an Independent Mortgage Broker shops your mortgage application to the mortgage finance market. Brokers are actually bidding for your business. Why take the standard renewal from your existing lender without comparing what others can save you!
Renewyourmortgage.ca is just such a renewal service.
Your family deserves the best you can provide.