You are 100% right but I think in Ottawa we can invest lesser than 100 k and could have good life style in 2 years till closing ..( 100k + required money for down payment and mortgage)"Best place to live" are usually expensive areas. In one of your previous post, you mentioned you have budget of up to 100k. I don't think you can afford.
You previously indicated that you are driving Uber which means you are self-employed. It becomes more difficult to qualify for a mortgage as self-employed you need a longer employment history. You should be meeting with a mortgage broker to see if you’d qualify for a mortgage and for how much before even considering looking at purchasing houses.You are 100% right but I think in Ottawa we can invest lesser than 100 k and could have good life style in 2 years till closing ..( 100k + required money for down payment and mortgage)
New home builds are starting around $800k. Here is one builder. Also budget in your property taxes that must be paid each year. Plus budget all your utilities and upkeep.You are 100% right but I think in Ottawa we can invest lesser than 100 k and could have good life style in 2 years till closing ..( 100k + required money for down payment and mortgage)
What is your annual income if mortgage is not an issue? Assume you make $100k per year so with your scenario with a 25 year mortgage is about $3K per month. This doesn’t include property taxes, utilities, insurance, general maintenance etc. Interest rates are going up within the next few months too.Thanks for your replies. Mortgage is not an issue for me and I can manage it .
Suppose book a house for 800k less 200 k down payment (till2023/2024 I would hv more cash in hand for down)
600kmortgage would be easily manage plus my wife’s income will support me.. so for the moment I m preferring to book a house with late closing.
please also tell me some more projects and what’s ur recommendation for living in Ottawa?
Like in Ontario east of Toronto until bowmanville is ok.
West of Toronto until caledon is ok.
North of Toronto until Barrie is ok (Donot count North york for living )
South is water ..
If you just want to list a few landmarks, I would look at:please also tell me some more projects and what’s ur recommendation for living in Ottawa?
Like in Ontario east of Toronto until bowmanville is ok.
West of Toronto until caledon is ok.
North of Toronto until Barrie is ok (Donot count North york for living )
South is water ..
Whether you currently can service a mortgage isn’t the issue. To qualify for a mortgage you may need to show 3-5 years of consistent income to qualify as self-employed. Have you been pre-approved for a mortgage? Do you currently live in Ottawa? If you don’t currently live in Ottawa will you be able to work your same jobs virtually from Ottawa and will you have similar incomes? For example, in Ottawa most have their own cars compared to Toronto so the demand for Uber will be different. I would suggest spending more time in Ottawa before buying there since buying a home is a longterm commitment. Commute times will be a large factor if you are considering distant suburbs.Thanks for your replies. Mortgage is not an issue for me and I can manage it .
Suppose book a house for 800k less 200 k down payment (till2023/2024 I would hv more cash in hand for down)
600kmortgage would be easily manage plus my wife’s income will support me.. so for the moment I m preferring to book a house with late closing.
please also tell me some more projects and what’s ur recommendation for living in Ottawa?
Like in Ontario east of Toronto until bowmanville is ok.
West of Toronto until caledon is ok.
North of Toronto until Barrie is ok (Donot count North york for living )
South is water ..
Advertising your services is against the terms of use of the forum.Hello Guys
This is Garima Sharma. If you are looking for some preconstruction projects in Ottawa.I have some available.Please contact me at 6477731928