How much can you afford?
Buying a home usually means obtaining a mortgage loan. You will find a useful mortgage calculator below that will give you the monthly payments that you could expect given your particular financing situation.
Mortgage Broker Versus Your Bank - what is the difference?
Mortgage brokers will get your information and shop it around to many financial institutions for you, looking for the best rate. They get paid by the lending instituion, so there is no cost to you for this service. Banks generally have a bit of a higher rate compared to credit unions and mortgage broker rates. However, this is not always the case.
You do not need to bank at the same place as your mortgage lender. Your payments can be taken out of your every day bank account. You want to make sure that you compare not only the rate that you are offered but also details such as the pre-payment penalties, and fine print of any mortgage.
I am well connected with bankers as well as mortgage brokers to help find you the best rate possible. You can find mortgage rates and details on my monthly e-newsletter along with my Facebook and Twitter sites.