Purchasing your first home is one of the biggest and most important decisions of your life, yet many Canadians don’t properly prepare themselves for the journey.
A recent TD survey revealed that 72 per cent of Canadians aren’t working to improve their credit before applying for a mortgage and 61 per cent aren't taking the right steps to reduce their debt.
So, before you start going to open houses it's a good idea to get your finances in order, to help you feel more financial secure.
The TD Mortgage Affordability Calculator is a great place to start. It uses financial information provided by the potential buyer to help them understand how much home they may be able to afford after monthly expenses, debt payments and savings are accounted for.
Check out more tips and advice to help you throughout the homebuying journey.