Read This Before You Sign a Promise to Purchase Offer with a Buyer
Prior to signing a Promise to Purchase offer from a potential buyer, it is imperative to make sure the buyer is able to obtain and provide a detailed pre-approval financing document along with a proof of funds of down payment before accepting. Fortunately, I work with multiple independent mortgage brokers who can pre-qualify you and any your prospective buyers. The 2 recommended brokers in particularly will be able to help you as a buyer whether or not they’ll be able to help them efficiently obtain financing. In most instances in Quebec it costs you nothing to have mortgage brokers to pre-qualify the buyers. Their lenders can help buyers get a loan with the most competitive interest rates and terms and conditions available. You can rest easy, knowing they’ll inform the buyer quickly as pertaining to be able to obtain financing including guiding the buyers to the proper type of loan : • Conventional—A conventional mortgage can lead to a low fixed rate or adjustable rate for your primary home, secondary home, or investment property. • For other types of loans speak directly with a mortgage broker professional to best understand your needs so they can guide you to successful approval process. I recommend the mortgage broker providers in this book because they are familiar with all of the loan type programs, and work with all financial institutions, they can pre-qualify you or your buyers and ensure they obtain financing with the right financial institution.
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