Burlington Real Estate Home Buyers
Are You Ready to Buy?
Congratulations on your decision to become a homeowner! Buying a home is one of the most exciting and important moments of your life. Your home is not just the roof over your head, where you live, eat, sleep, play, and raise a family; it’s also one of the most important investments you’ll ever make.
How Much Do I Qualify For?
When buying a home, it is helpful to determine the type of home you’ll like and how much you can afford before beginning your search. Monthly housing costs shouldn’t be more than 32% of your gross monthly income. Housing costs include your monthly mortgage payments (principal and interest), property taxes and heating expenses (PITH— Principal, Interest, Taxes and Heating). To get an idea of how much you can afford to pay each month for a home, multiply your gross monthly income by 32%.
Land Transfer Tax
Land transfer tax, a payment made to the government for transferring property from the seller to the buyer, is a complex process that should be calculated by a professional. So, how do you pay? Ontario’s land transfer tax is payable when you register the transfer.
Tish Faith, Sales Representative
Right at Home Realty Inc.,
5111 New Street, Suite 104
Burlington, ON L7L1V2
Office Phone: 905.637.1700
Mobile: 905.691.4733
Email: tish@tishfaith.com
Learn More About Tish
Tish Faith, Sales Representative
Right at Home Realty Inc.,
5111 New Street, Suite 104
Burlington, ON L7L1V2
Office Phone: 905.637.1700
Mobile: 905.691.4733
Email: tish@tishfaith.com