Relocating often presents some unique challenges. At ROYAL LEPAGE BENCHMARK, we're experts on how to make your new move as stress-free as possible. Complete the form below and we'll do our part to help make your relocation a positive and seamless experience. Please feel free to call us Toll Free at 1-800-387-4011 for specific concerns.

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When buying a home, it is helpful to determine the type of home you'll like and how much you can afford before beginning your search. 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.

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