Halifax Nova Scotia Real Estate
 |
 |
 |
 |
 |
 |
Halifax Real Estate Information
Figuring Out Your Monthly Income
When you apply for a home loan (and even long before that, when you first speak to a real estate agent) the first question may likely be "How much is your income?" In making this determination, lenders consider the income of all parties who will be owners of the property. Be prepared to provide a monthly accounting of all sources of income. A simple method to calcuate your monthly income is to take your yearly before tax income and divide by 12. If you receive tips or commissions, these are also taken into consideration.
Further Information:
Planning Your Home Purchase
Checking Your Credit Rating
Pre-qualification and Pre-approval on a Mortgage
Becoming an Educated Buyer: Research Neighbourhoods
Becoming an Educated Buyer: Your List of Home Requirements
Assess Your Finances: Checklist
Assess Your Finances: Compare buying with renting
Assess Your Finances: Calculating the cost of homeownership
Assess Your Finances: What you can deduct
Interest Rates and How They Change
Closing Costs
Other Closing Costs
Figuring Out Your Monthly Income
Figuring Out Your Monthly Debt
Amount of Your Down Payment
How Much House Can You Afford?