As housing prices have increased, so has the cost of rent. For most people, the chances are that if you can afford monthly rent you might be able to afford a mortgage.
The real benefit of home ownership is that it helps you build equity. Consider saving the minimum down payment to be able to own your home. You may find that your monthly mortgage payments aren’t too different from your monthly rent!
If you would like to look into the option of owning your own home, a good place to start would be talking with a mortgage professional. From there, they can help you determine your:
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Maximum monthly mortgage payment
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Maximum purchase price
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Down payment
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Mortgage type
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Closing costs (legal fees, land transfer fees, property taxes)
With access to over 50 lenders, I can help you find the best mortgage product and rates to suit your situation! My whole life is mortgages, so you don’t have to worry!