How much of a mortgage do I qualify for?
The mortgage qualifier calculator can help you work out how much of a mortgage you qualify for. All you need to do is enter:
- Gross monthly income for yourself and the joint applicant (if any)
- Your monthly debt/loan payments e.g. for a car or credit card
- The mortgage term(e.g. 10 years)**
- The mortgage rate (e.g. 8%)
- 20% of member's shares must be unencumbered.
The calculator will then provide you with the total mortgage amount for which you will qualify.
Please note that results are for illustration purposes only. Actual figures may vary for individual cases and depend upon a number of assumptions and factors, which may change.
** CECU provides its members with short term mortgage financing for periods not exceeding ten (10) years. Through our strategic alliances with Trinidad and Tobago Mortgage Finance (TTMF) and Home Mortgage Bank (HMB), CECU is also able to provide its members with an array of mortgage options.