By Lauren
If you’re at the point in time where you want to buy your
first house then using the TD mortgage affordability calculator may help you
out. When you first go onto this site it asks you where you’re currently living
or where you want to live, after that it then asks you what kind of home you’d
like to live in. The last few questions ask you about how much you make yearly,
how much you spend on other expenses and then how much you spend on like cars,
credit cards etc. After you have answered all of the questions it tells you
that you may be able to buy a new home up to however much they think you can
afford. At the bottom of that same page it tells you how much you would roughly
spend on the mortgage payment per month, it shows you other housing costs, and how
much remaining cash you will roughly have every month. This calculator really
helps people who are just starting out, especially when buying their first
home. I would definitely recommend this calculator to anyone buying their first
house.
