Opting for a longer loan term can reduce your monthly payments by spreading them out over a greater number of years, whereas shorter loan terms generally lead to higher monthly payments.

Figuring out how much house you can afford isn't always as straightforward as it seems. Between mortgage preapprovals and one-size-fits-all rules of thumb, it's easy for homebuyers to unwittingly ...

Before you start shopping for a new home, you need to determine how much house you can afford. One way to start is to get pre-approved by a lender, who will look at factors such as your income ...

How much income do homebuyers need to afford a mortgage in Canada ... put down on a house. Lenders consider the size of your down payment when determining what mortgage you can afford.