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An Answer to Florin’s Question: Can a Presale Bought High Ratio be Completed on Low Ratio?

 Financial Leverage and Presale Condos in Vancouver I LOVE Questions and Comments on my blog posts and appreciate them HUGELY!! We recently had a great question (Thanks Again Florin!) in the comments section of Episode 2 of How to Buy a Presale Condo where we discussed the advantages of pre-construction condos for Owner/Occupiers. This question was SOOOO GOOD, I decided to bring in a mortgage broker, Chad Watts and shoot an entire video on this topic! Florin's Question: I asked my mortgage specialist about point 3 “Financial Leverage.” The one where you mentioned “buyer who previously was a high…

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What Is A Home Appraisal

What is an Appraisal? Vancouver Real Estate Terms

 Real Estate Appraisals - A Vancouver Real Estate Definition A real estate appraisal is a concept that is commonly misunderstood Buyers in the Vancouver Real Estate Market. With this in mind, I brought in a mortgage expert, Chad Watts of the Mortgage Group to talk to us about Real Estate Appraisals. What is a Real Estate Appraisal in Vancouver? An Appraisal is a calculation of the subject property's (ie the property that a borrower wants to get a mortgage on) value by the Bank or Lender for the Bank or Lenders benefit. (NOT for the Buyers Benefit!)The Bank or…

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