An important question to ask yourself is "What monthly mortgage payment am I comfortable paying?" You may qualify for a larger monthly payment, BUT, are you comfortable making that payment?

For informational purposes only, we provide a mortgage affordability calculator. Enter your current total gross monthly income, total monthly consumer credit, student loans, and car payments. Enter an interest rate (7% is good for example purposes). And the calculator will calculate a maximum monthly principle and interest payment, and a maximum loan amount.

This calculator is intended only as a "guide", you need to contact Westonhill Financial and speak to a mortgage broker regarding your specific financial situation, to best compute your maximum monthly payment and loan amount.