Is there a “Rule of Thumb” for Mortgage Affordability or Qualification? | #SocialFAQ

I received a great mortgage question from David Whitrow; a REALTOR® in Regina SK on Facebook, thought I would share it with you as part of our #SocialFAQ series.

Gord McCallum and I recorded this video and came to the following conclusion:

There is no rule of thumb for mortgage qualification, however what you qualify for and what you can afford may be 2 different things.

Here are some other questions people have asked us socially, have a look through the list... if you have a question to ask that we haven't already answered, go ahead and connect with us socially!