Don't sign away your Life (style)

Everyone has different lifestyles needs and spending habits, so when it comes to financing a mortgage no one calculation works for everyone. To put it another way, there�s the amount you�re qualified to borrow and then there's what you can actually afford. What�s the difference? It depends on your lifestyle. A quality mortgage broker (like me) will help determine whether or not a mortgage is affordable and what impact, if any, it will have on your life style.

A great way to help determine what kind of mortgage would fit your lifestyle is to do up a monthly budget. A budget can be simple and shouldn't really take you all that long to go through. A budget will determine your current monthly cash flow, and then a projected cash flow after you factor in all the realistic costs of homeownership.