All Vancouver MLS Listings
Social Media Bar
-
Twitter Updates
- How to Buy a Presale Condo in #Vancouver 1 With VIDEO! Advantages for Investors? http://t.co/72MZN84W
(about 8 minutes ago) - Published Live at West Floor Plans Mike Stewart on Scribd http://t.co/EdjsKuK1 #readcast
(about 1 hour ago) - BBC News - Prince Charles turns his hand to DJing http://t.co/5y7GpzKk
(about 1 hour ago)
- How to Buy a Presale Condo in #Vancouver 1 With VIDEO! Advantages for Investors? http://t.co/72MZN84W
-
Tag Archives: The Mortgage Group
Presale Condo Completions in Vancouver – Avoiding Penalties!
Completing on a Presale Condo in Vancouver and Appraisals.
I recently had the pleasure of interviewing Chad Watts of The Mortgage Group about an experience he had during the the Completion of a Pre-Sale Condo here in beautiful Vancouver, BC.
Developers in many cases only give 10 days notice of the Completion of a Presale Condo. During this time sometimes up to several hundred appraisers need to get access to and appraise the soon to be Completed suites.
(Not sure what an appraiser is? Check out this great explanation with video on What is an Appraisal!)
What does Completion mean in Relation to Condo Presales? Continue reading
Posted in: For Buyers, How To Buy a Pre Sale Condo in Vancouver, Vancouver Real Estate and Mortgage Financing
Tags: Chad Watts, Completing on a Presale Condo, Completing on Off Plan Condos Vancouver, Developer Penalties for Completing Late on a Presale, How to Avoid Penalties when Complleting on a Presale, Mortgage Broker Advice on Presale Completions, Off Plan Completion, Presale Completion Tips, Presale Condo Buyers, Presale Condo Deficiency Walk Through, Presale Condos in Vancouver, The Mortgage Group
1 Comment
A Mortgage Pre-Approval is NOT a Guarantee of a Mortgage!
Mortgage Pre-Approvals are NOT Guarantees of a Mortgage!
I recently had the pleasure of interviewing Chad Watts of The Mortgage Group about mortgage pre-approvals. He brought up a very important point for Buyers, particularly First Time Home Buyers. And that is a mortgage pre-approval is NOT a guarantee that you will get a mortgage at the amount the Lender originally mentions or get a mortgage at all.
What is a Mortage Pre-Approval?
This is a preliminary estimation by a Lender of how much the Lender will loan you based on very basic information. This number is subject to change based on what property you Continue reading
Posted in: First Time Home Buyers Advice for Vancouver, For Buyers, Vancouver Real Estate and Mortgage Financing
Tags: Borrower, Chad Watts, Do I Need to go to the Bank before I Buy a Condo, Do I Need to go to the Bank before I Buy a House, Financing and Pre-approval, First Time Home Buyer Tips, First Time Home Buyers Advice for Vancouver, First Time Home Buyers Mortgage Advice, How do I get a Mortgage, How to Get a Mortgage in Vancouver, Lender, Loan Preapproval, Mortgage Borrower, Mortgage Broker, Mortgage Information for First Time Home Buyers, Mortgage Lender, Mortgage Lending, Mortgage loan, Mortgage Pre-Approval, Mortgage Pre-Approval Canada, Mortgage Pre-Approval Vancouver, Mortgage Preapproval, The Mortgage Group, Vancouver Mortgage Broker, What is a Mortgage Pre-Approval
6 Comments