PETER & PATRICIA CLARKE | Barrie Real Estate DIRECT: 705-716-7611. OFF: 705-737-2750. FIRST CLASS REAL ESTATE SERVICE

BUYING A BARRIE HOME? GET YOUR MORTGAGE QUICK AND EASY!


Mortgages and Mortgage Pre-Approvals

We work with several lenders to help you find the best mortgage for you. Our Lenders will help you find the best financing conditions for you and lock in the best rate now.
 
Mortgage Pre-approvals

When you’re pre-approved, you’ll have a commitment in advance from the lender to give you a specific loan at a locked interest rate.
 
If you are a first time buyer having a pre-approved mortgage is the best way to go. We will also let you know about all the programs designed for first time buyers such as HBP, Land Transfer Tax Rebate, Assisted Down Payment program (SimcoeCounty), etc.
 
If you are moving to a more expensive home, a pre-approved mortgage will give you an advantage in negotiating with a home seller and also save you time looking for a home in your budget.
 
Our calculators below will help you determine interest payments, mortgage qualification and affordability.
 
 
 
ELITE ACCESS MORTGAGE CALCULATORS 
 
Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs. Don't forget to email yourself a copy of the results, by clicking the Receive this Detailed Analysis link.
 
Required
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
0.43%of Cost
Annual Property Tax:  $  
1.2%of Cost
Monthly Income:  $
Monthly Debt:  $
Optional
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $

Results
  Receive this Detailed Analysis


Your Monthly Payments
 
Loan Amount:    
Loan Insurance ( %):
Total Loan(Mortgage) Amount:
 
Principal & Interest:    
Homeowners Insurance:    
Property Taxes:    
Condo Fees:    
Monthly Loan Insurance (%):    
Total Monthly Payment:    
 
Income Needed to Qualify for the Mortgage
 
Total Monthly Loan Payment:  
Total Monthly Debt Payment:  
Monthly Loan Insurance (%):  
Qualifying Income of % GDS Ratio:  
Qualifying Income of % TDS Ratio:  
 
What You Can Afford
We are using the % ratio.
Cost of House:  
Down Payment:  
Loan Value:  
Monthly Principal & Interest:  
Monthly Insurance:  
Monthly Property Tax:  
Monthly Condo Fees:  
 
Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)
Monthly Rent: $
  No. of Years you plan on keeping the home:
Annual Rental Increases:   %   Yearly Appreciation on the Home: %
Monthly Renter Insurance: $   Annual Home Maintenance: %
Savings or Investment Rate:   %  

Call us direct at 705-716-7611
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© 2011. Elite Access Realty Inc. - Barrie Real Estate Brokerage

Peter Clarke. Broker of Record/Owner
Patricia Clarke. Sales Representative/Owner
Barrie Real Estate Realtor
®'s



Dir: 705-716-7611  Office: 705-737-2750  Toll Free: 1-877-795-6448  Español: 705-796-7211   Fax: 705-812-2712 
 
www.BarrieProperties.com       Español: www.SuCasaEnBarrie.com
 

Corporate website: www.EliteAccessRealty.com

Barrie, Ontario. Canada


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