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All Forum Posts by: DanielC Beckham

DanielC Beckham has started 1 posts and replied 2 times.

Good information

Post: Can I qualify for a loan?

DanielC BeckhamPosted
  • Toronto, Ontario
  • Posts 2
  • Votes 0

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.