What are the risks of Condition-Free Offers?
Great question. In today's market, buyers are often in multiple offer situations and want to submit a clean offer that has no conditions. This is never advisable, but we do understand that this is a very competitive market.
If you have been pre-qualified by a licensed mortgage broker, you may be vetted by one or more lenders, however, the property has NOT been vetted. Below are some issues that could affect a lender’s willingness to lend on a particular property. Please note that this list is not exhaustive. There could be other issues impacting a lender’s decision.
Original Article Source Credits: canada, https://www.canada.ca
Article Written By: NA
Original Article Posted on: 2020-09-17
Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/renew-mortgage.html
First-Time Home Buyer Incentive to Become More Useful in Select Markets - Mortgage Rates & Mortgage Broker News in Canada
Original Article Source Credits: canadian mortgage trends, https://www.canadianmortgagetrends.com
Article Written By: Steve Huebl
Original Article Posted on: December 4, 2020
Original Article Source Credits: movesmartly, https://www.movesmartly.com
Article Written By: David Larock
Original Article Posted on: November 3, 2020
Link to Original Article: https://www.movesmartly.com/articles/fixed-or-variable-rate-mortgage-right-now-its-no-contest
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