Skip to Content
AMORIM, JOHN: Sequoia-big-house.jpgAMORIM, JOHN: back-of-house.jpgAMORIM, JOHN: inside-house-livingroom.jpgAMORIM, JOHN: big-house.jpgAMORIM, JOHN: house-in-town.jpgAMORIM, JOHN: inside-house-kitchen.jpgAMORIM, JOHN: house-on-rocks.jpgAMORIM, JOHN: house-with-windows.jpgAMORIM, JOHN: Sequoia-white-couch.jpgAMORIM, JOHN: Sequoia-florida-house.jpgAMORIM, JOHN: Sequoia-front-door.jpgAMORIM, JOHN: Sequoia-pool-house.jpg
agent photo

John A Amorim

Sales Representative
Mobile:(226) 338-0069

WATERLOO

180 Weber St. S,
Waterloo ON
N2J-2B2
CA

Follow Me On:

click here for LinkedIn Profileclick here for Facebook Profileclick here for Twitter profile

 

 

 

 

 

 

 

 

 

 

 

 



Buyers Resources



Property Search

Featured Properties

Buying a Home

First Time Buyer Tips

Home Inspectors

Best Home For You

Living Stress Free

Answers to Buyer Questions



Sellers Resources



Selling Your Home

Home Improvements

Answers to Seller Questions

Am I Priced to Sell?

How Long to Sell

Staging Your Home



Mortgage Info



Mortgage Services

Mortgage Calculator

Mortgage Information

Contact John



Moving



Preparing to Move

Moving

Hiring a Mover

Self-Moving Tips



Area Resources



About Waterloo

Waterloo Education

About Kitchener

Kitchener Education & Culture

   

Mortgage Information

If you have any questions or would like more information about mortgages please Contact Me at any time. If you are planning to buy your next dream home visit my Buyers Page for more information on buying. If you are planning to sell your home visit my Sellers Page for helpful information on selling. If you would like more information about the areas I specialize in visit my About Waterloo page, my Waterloo Education page, my About Kitchener Page, or my Kitchener Education and Culture page.

Mortgage InformationBuying a home comes with a lot of different decisions, it is helpful to determine the type of home you'll like and how much you can afford before beginning your search Contact Me and I can help with every part of your home buying process and even help you find a trusted Mortgage Professional. Most lenders allocate approximately 28% of your GROSS MONTHLY INCOME to housing expense. Housing expense includes principal, interest, taxes and insurance (PITI). To get an idea of how much you can afford to pay each month for a home, multiply your gross monthly income by 28%.

When coupled with current outstanding loans, the total for your debt service should not exceed 36% of your gross monthly income. Some lenders may have slightly more liberal requirements or loan interest rates which may increase your purchasing power.

Mortgage interest, property taxes, loan fees or "points" are currently tax deductible (up to allowable limits). Points are generally deductible in the year paid. A point equals 1% of the mortgage amount. If you are in the 28% tax bracket, this is equivalent to receiving a 28% discount on your mortgage interest and property taxes. During the first years of the mortgage your tax savings are especially high because most of your monthly payment goes toward loan interest.

 

Getting Pre-Approved

Most mortgage lenders take the guess work out of applying for a loan by determining for you the amount you can afford to borrow. Then, they give you a printed document stating the maximum mortgage amount you qualify for based on your particular finances and income.

Mortgage InformationMortgage pre-approval establishes your price range and strengthens your buying position by letting the seller know that you have already been approved for the loan. It can also ease time constraints once the purchase agreement is signed between buyer and seller.

 

Consider these Scenarios:

You're out looking at homes. Your Real Estate Broker never mentions that you should get pre-approved and just ballparks what you can afford. Of course, the more house he shows you, the better he usually comes out. You find the perfect house and work out a deal with the seller. Three weeks later, the lender informs you that the house is $10,000 over what you qualify for and does not approve your loan. The seller has already bought another house. You've given notice where you're renting and told all your friends about the great house you bought. And then, there's the money you've already spent on inspections on a house you can't own.

You and your REALTOR® have been working diligently finding that "perfect" home. A new listing comes on the market that's priced right and has got everything you've been looking for. You write an offer. Your REALTOR® takes it to the listing REALTOR® and is informed that another offer is coming in and will have to present both offers simultaneously to the Seller. The other Buyer is pre-approved for his loan. Whose offer do you think the seller will negotiate first?

 

Mortgage Calculator

For help finding  financing Contact Me, I will put you in touch with a trusted Mortgage Professional.

If you have any questions or would like more information about mortgages please Contact Me at any time. If you are planning to buy your next dream home visit my Buyers Page for more information on buying. If you are planning to sell your home visit my Sellers Page for helpful information on selling. If you would like more information about the areas I specialize in visit my About Waterloo page, my Waterloo Education page, my About Kitchener Page, or my Kitchener Education and Culture page.

Bookmark and Share

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.

The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals.  Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden.  The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.

 The information contained on this site is based in whole or in part on information provided by members of The Canadian Real Estate Association, who are responsible for its accuracy.  CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
 This website is operated by a brokerage or sales person who is a member of The Canadian Real Estate Association.
 

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules and the REALTOR® Code.  The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
   


   The trademarks MLS®, Multiple Listing Service®, and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.

RE/MAX Solid Gold Realty (II) Ltd., Brokerage
180 Weber St. S
Waterloo ON  N2J-2B2
(519) 888-7110
Real Estate License # 4733440