How much mortgage should you and your spouse carry?
DLC Canadian Mortgage Experts’ Rebecca Awram was quoted in a story in the Globe and Mail.
HOME OWNERSHIP STRATEGIES
How much mortgage should you and your spouse carry?
Let’s imagine a nice Canadian couple, Karen and Steven.
Their credit rating is good, their jobs steady, household income secure. They’re prime meat for banks hungry to sign them up for a new mortgage.
But when buying a home, how should Karen and Steven determine how much to borrow? How much house should they buy? We asked mortgage brokers for some advice.
