Vancouver
Real Estate Properties for sale MLS Listings of Houses Apartments Investment
and Recreational Real Estate Properties by Stan Stanchev REMAX
To find out what is the total
amount of mortgage the banks will qualify you for, use the mortgage
calculator bellow. If you have a permanent job and an established credit in
Vancouver, you might be able to purchase properties with only 5% down
payment. If you have an excellent credit history and a strong employment
record, you can purchase a property with 0% down payment. If you came
recently in Vancouver and you don't have a permanent employment, most banks
will require 30% down payment. Another qualification for the banks is that
your family gross monthly income, before the taxes, has to be at least 3
times the amount of your monthly mortgage payments. For example if your
monthly mortgage payments are $2,000, than your total family gross income
per month, before you pay the taxes, has to be at least $6,000/month
($2,000.00 X 3 = $6,000).
Canadian Mortgage Calculator