We are often asked about deposits. How do I pay the deposit? When is it due? How much? And who is it payable to? The BCFSA has an informative article on how deposits factor into your offer and home purchase. Read on to find out more…
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The Property Matters in Mortgage Financing
When looking to qualify for a mortgage, typically, a lender will want to review four areas of your mortgage application: income, credit, downpayment/equity and the property itself. Assuming you have a great job, excellent credit, and sufficient money in the bank to qualify for a mortgage, if the property you’re looking to purchase isn’t in good condition, if you don’t have a plan, you might get some pushback from the lender.
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Curious about the mortgage process? When you’re looking to buy a home, it’s important to understand the steps for getting a mortgage. Here are some information, tips and examples of what you can expect when venturing into financing your home purchase.
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