Before you even start your search, you must establish a realistic budget based on your lifestyle and your goals. Accuracy is key here: a budget is only useful if it takes into account all your needs and your personal or family situation. The purpose of this exercise is to determine how much you will have each month, once you have fulfilled all your other obligations, to live in, finance and heat your future home. A mortgage broker (or a real estate broker authorized to work in this field of practice) will help you analyze your financial situation: credit rating, borrowing capacity, debt, etc.

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