Usually, home purchases are based on a combination of down payment (cash) and a mortgage (loan). Although the calculations are quite straightforward, there are many variables and alternative solutions to establishing how much you can spend on your new home. I encourage you to call and I will take you through the necessary calculations. We will also be able to discuss the many programs available to home buyers, such as the use of RRSP funds and gifted money for downpayment purposes.
For the majority of home purchases, a mortgage is required. The traditional sources for mortgages are still Banks, Credit Unions, and Trust Companies. However, a new source that you should not overlook is the Mortgage Broker. Call me at 306-222-3777 if you need help.