The Pre-Approval Variables Nobody Checks

Contact Marko Gelo, he's a Mortgage Broker! 604-800-9593 cell/text Vancouver 403-606-3751 cell/text Calgary Call Marko via WhatsApp homefinancingsolutions.ca There's a troubling pattern showing up across BC and Alberta right now — buyers shopping for condos with a pre-approval that was never built around the actual cost of condo ownership. Two variables that every condo qualification must include — the monthly maintenance fee and annual property tax — are routinely being left out, and buyers are only finding out when they're already in the middle of a deal. In today's environment, where condo fees have escalated sharply and property taxes have followed, these aren't minor omissions — combined, they can reduce your real purchasing power by $65,000 or more. This episode breaks down exactly how both variables affect your qualification math, with real numbers, and tells you what to ask your mortgage provider before you start shopping. CLICK HERE to be redirected to the blog version of this episode. CLICK HERE to be redirected to Mortgagenomics Canada Podcast YouTube Channel CLICK HERE to download Marko's award-winning Mobile Mortgage App! Hosted on Acast. See acast.com/privacy for more information.