The Real Estate and Mortgage Show - July 30
Lisa fills in for Paul Rushforth. She, along with Steve and Frank, take all of your real estate and mortgages questions.
Frank & Lisa start this podcast with advising potential home buyers on obtaining a pre-approval. Frank mentions that a good broker will likely be able to tell you whether or not you will be approved by the banks within minutes of looking over your application and credit bureau report. However, he does advise that the mortgage insurers do have the final say and sometimes may not agree with the decision of the broker.
Lisa discusses new items being included in purchase agreements, such as takeover leases for hot water tanks & furnaces. A buyer should be cautious about these takeover leases as they can potentially be set up with a non-desirable rate/terms.
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