Let’s unfold Chapter 6 of your H.O.M.E. journey. 🏡🔑 The size of the mortgage you can qualify for is based on some traditional debt-to-income ratio or principles. The first lending principle states that monthly housing costs should not exceed 40% of your family's gross monthly income. (Gross Debt Service Ratio is not considered) Set your savings plan then speak with a financial advisor to learn what size mortgage you qualify for and the next steps. Pre-qualification of mortgage or mortgage pre-approval is a good way to move forward in your home buying-journey as a first-time homebuyer. Start the conversation now with a Scotiabank mortgage advisor. 👩🏾‍💼👨🏽‍💼 #ScotiabankJamaica