How a Low Home Appraisal Can Affect Your Mortgage
Steps To Take When a Home Sale Is On the Line Congratulations! You’ve decided to purchase a home, your offer has been accepted, and the conditions have been satisfied. The only thing standing in your way is a low appraisal value. You might be wondering – what happens now? To help you navigate a situation […]
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Things To Avoid After Obtaining Mortgage Pre-Approval
Why You Should Remain Cautious Even With Mortgage Pre-Approval Gearing up to buy a home can be stressful, but one of the ways to help ease that stress is to secure pre-approval for a mortgage. However, once you’ve ticked that box, it’s important to manage your financial behaviour carefully until you actually take possession of […]
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The Risks of Putting In an Offer Without a Financing Condition
Key Takeaways You are legally committed to buy the property, even if your mortgage is denied You can lose your deposit if financing falls through You may need to cover appraisal shortfalls out of pocket You could be approved for less than expected, creating a funding gap You may face legal action from the seller […]
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Construction Mortgages Versus Traditional Mortgages
The Benefits Of A Construction Mortgage And How It Differs From A Traditional Mortgage Most home buyers need a mortgage loan to complete their home purchase. But the type of mortgage you get depends on whether you are buying an existing home or one that has yet to be built. Many home buyers obtain a […]
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