When calculating what you can afford in a house, don't just look at the list price. The amount you pay for a house is important when you consider your ability to re-sell the house. Today's mortgage options are increasing the possibilities for home buyers, so you should also take a close look at what it will cost you to live in the house.

Your monthly housing cost is the second figure to consider, and that cost is largely determined by current interest rates. Today's real estate market is very price-driven. Homes which are in the best condition and have the most attractive price tags are the ones that sell.

Diverse financing options and competition among lenders are giving many buyers the opportunity to buy a more expensive house or condo than they thought they could afford--and sooner. There are many creative ways to get into a home with a relatively small amount of money. Ask your real estate agent to help you look at today's numbers--you may be pleasantly surprised.

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Margorie Grime, Broker.
Royal LePage RCR Realty, Brokerage
Independently Owned and Operated
75 First Street, Suite 14
Orangeville, ON L9W 2E6
Phone: 519-941-5151
Toronto Line: 905-450-3355
Fax: 519-941-5432
margorie@thegrimeteam.com
www.royallepage.ca

Margorie has devoted her career to real estate sales since 1975. Margorie Grime is a leading REALTOR in the area, selling a home every 3.3 days. Her activities have consistently earned her top awards. With the changing real estate market and economy, Margorie has formed this diverse team-qualified to cover all the complex details of real estate transactions, allowing Margorie to do what she does best-working with people interested in buying and selling property. Margorie is committed to providing the very best service available.