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Understanding Mortgage Borrowing Capacity In Canada, buying a property typically depends on obtaining a mortgage loan. The future buyer must complete several steps before reaching the final stage, represented by receiving the keys to their new home. Knowing your mortgage borrowing capacity is part of
If you’re looking to buy a home in Montreal, getting preapproved for a mortgage is an essential first step. This process not only gives you a clear idea of your budget but also shows sellers that you’re a serious buyer. In this article, we explain