Historically-correct definitions of bean counting are somewhat muddled, so I won’t bore you with them here, but in the real estate sense of “counting beans”, it’s making sure that you have enough of them to buy a house. More importantly, it’s making sure that you’ll have enough of them to live on, after you’ve purchased your humble abode. Using the “bean counters” below, the do-it-yourself Buyer can gain some general knowledge into how much they can afford. But because these on-line calculators are not actually able to give you the money for a mortgage, I suggest that you use their approximations cautiously, and talk to a Mortgage Specialist before purchasing your home.
INDEPENDENT REALTY SUDBURY INC., BROKERAGE
1917 Millwood Crescent Sudbury, Ontario P3E 2T3