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When looking to buy a house, first consider what you can afford.

When looking to buy a house, first consider what you can afford.

Buying a home: finding it, financing it, insuring it – and all the other steps involved – isn’t a simple process.

Helping you understand that process is part of my job as a mortgage broker, and this blog brings you info you need in bite-size pieces.  So, my last few blogs have been in a series format, detailing the professionals you’ll work with through the process.

The next series describes how the home financing process works, again in smaller chunks to make it a clear, easy-to-understand process.

Centum Future Mortgage Group arranges residential, commercial and construction mortgages. As a solution driven organization, Future Group believes that a mortgage solution exists for everyone, regardless of income or credit concerns.  We believe that every consumer deserves the best rates, care and service when purchasing or refinancing a home or business.

The first in this seven-part series looks at the affordability of your mortgage.

Enjoy and, as always, I would be happy to answer any additional questions you may have regarding the purchase of a home or on how best to finance the purchase.  Please contact me  at 519-649-2502 Ext 3,


When you begin the home shopping process it helps to know your purchasing power. Otherwise you can easily wind up looking at homes priced above or below your means, resulting in wasted time and disappointment. You can avoid this situation by having your mortgage broker assist with a prequalification or formal lender pre-approval. The information that is factored into your financing equations includes:

  • Income
  • Credit history
  • Amount of proposed down payment
  • Total current debt
  • Current interest rates
  • Estimated taxes and heating cost

Once this information is assembled and reviewed, your mortgage broker will provide you with an idea of what you can afford. An application may be filed as a means of introducing you to the lender and indicating to the lender that a purchase and sale offer will be forthcoming.

You can visit the Centum Future Mortgage Group web site at to link to a number of mortgage calculators that will assist with the prequalification process.