05/04/2021
Great educational article for all home buyers when it comes to preapprovals. Also for those tempted to buy without conditions and what the risks really are.
Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But the truth is a buyer cannot expect a mortgage pre-approval will automatically translate into a mortgage. The lender now needs to consider the property itself, approve all the terms a...