Borrowing capacity typically depends on your income, existing debts, credit history, and down payment. As a general rule, lenders allow total housing costs up to 28-35% of gross monthly income. We'll help you determine your exact borrowing capacity.

Down payment requirements vary by loan type and property. Conventional loans may require 10-20%, while government-backed loans can be as low as 3-5%. Higher down payments often result in better interest rates and no mortgage insurance.

Fixed rates provide payment stability and protection from rate increases, ideal for long-term ownership. Variable rates may start lower but can fluctuate with market conditions. We'll analyze your situation, risk tolerance, and market trends to recommend the best option.