Determining Your Mortgage Size

Your mortgage size is determined by three factors; your mortgage payment, the interest rate, and the amortization period. Once you calculate the size of your monthly payment you can use the other two variables to figure out just how much you can borrow.

Your time-frame for repayment and the interest rate you get make a huge difference in the amount you can borrow and how much it will ultimately cost you in interest payments. I explain how these factors work to determine how big a mortgage you can get in the video below.

Andrew Shackleton Master Sales Award

Local Expertise
Sharp As A Tack

  • Five decades in Waterloo Region.
  • Knows all the neighbourhoods.
  • Down to earth and easy to get along with.
  • Professional and meticulous.
  • Sweats the details so you don’t have to.
Google review

Andrew truly stands out…

Parisa and Ali