Finance – Bob Redpath

Royal Bank

Buying a Home

Know What You Can Afford: Before deciding to buy a home, you first need to determine exactly how much you can afford to spend each month; and what additional expenditures you might incur.

Initial Costs Add up

Monthly Costs

Your Net Worth

Average Canadian Housing Prices

Tools and Calculators:

How much can I afford?

Mortgage Calculator

Personal Budget Calculator

The Down Payment: Very few home buyers have the cash available to buy a home outright

What is a Down Payment

Finding the Funds for Your Down Payment

Qualifying for a Mortgage

Using RRSPs to Help: With the federal government's Home Buyers' Plan, you can use up to $20,000 in RSP savings ($40,000 for a couple) to help finance a down payment on a first home.

Mortgage Basics: Besides the actual type of mortgage you select, there are other important characteristics of your mortgage that determine exactly how much you will pay - both monthly and over the life of your mortgage.

Pre-approved Mortgages

Choosing a Mortgage

Your Mortgage Costs

Shave Years Off Your Mortgage

Residential Mortgages

Mortgage Rates

Mortgage Specialist Locator

For extra convenience, fill in a Royal Bank Pre-Approved Mortgage Application online.

Related Topics

	Renovating a Home
	Selling a Home
	Getting Married
	Buying a Car
	More ...

Royal Bank

Other Banks