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Updated almost 10 years ago on . Most recent reply

DanielC Beckham's profile image
DanielC Beckham's profile image
DanielC Beckham
  • from Toronto, Ontario
  • Member since Apr 22, 2015
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DanielC Beckham's profile image
DanielC Beckham's profile image
DanielC Beckham
  • from Toronto, Ontario
  • Member since Apr 22, 2015
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DanielC Beckham
  • Toronto, Ontario
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Private Lending & Conventional Mortgage Advice

Can I qualify for a loan?

DanielC Beckham
  • Toronto, Ontario
Posted

Hi there! I'm a first time buyer. Presently at the pre-approval stage. I approached a mortgage broker and he said I could buy a home upto 200K. I've got an income of 66K, credit score 680 and a student loan payment 500/mnth.  My question is would I likely qualify for a loan? I'm thinking of purchasing a house between 180K and 185K. Also, am I looking in the right price range? I want to keep my payment at around 1K per month.

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