EPISODE · Feb 23, 2023 · 13 MIN
Qualify For A Pre Sale Mortgage 3 Years Before Completion
from The Vancouver Life Real Estate Podcast · host Mychal Ferreira, Dan Wurtele, Ryan Dash
Did you know that you can pre-qualify for a mortgage on a pre sale condo? You can, and up to 3 years in advance. There are a number of very compelling reasons why this is a good idea too. Firstly, you can lock in at today's rate, meaning that if rates increase, you benefit from the previously lower rate. And should rates go down, you can qualify at those lower rates now too.Secondly, and possibly most importantly, the Bank Of Montreal will appraise your pre sale property at TODAYS valuation and should that move up or down by the time of completion, you can actually get money BACK on your purchase.Find out how, and a few more pro tips, in the episode all about Pre Sale property financing with Mychal Ferreira. Mychal FerreiraBMO Mortgage [email protected]/mychalmortgages_________________________________ Contact Us To Book Your Private Consultation:📆 https://calendly.com/thevancouverlifeDan Wurtele, PREC, [email protected] Dash PREC778.898.0089 [email protected] www.thevancouverlife.com
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Did you know that you can pre-qualify for a mortgage on a pre sale condo? You can, and up to 3 years in advance. There are a number of very compelling reasons why this is a good idea too. Firstly, you can lock in at today's rate, meaning that if rates increase, you benefit from the previously lower rate. And should rates go down, you can qualify at those lower rates now too. Secondly, and possibly most importantly, the Bank Of Montreal will app...
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Qualify For A Pre Sale Mortgage 3 Years Before Completion
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