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Pre-Construction Condo Mortgages

Author: 
Jordon Scrinko
Publication date:
October 24, 2022
Article Summary: 

This article provides information on obtaining a mortgage for a pre-construction condo in Toronto. The article explains how the mortgage pre-approval process works, the factors that affect eligibility for a mortgage, and when mortgage payments start for a pre-construction unit. Additionally, the article provides answers to frequently asked questions about mortgages for pre-construction condos, such as whether a mortgage pre-approval is required, whether banks offer rate guarantees, and how to calculate occupancy fees for new condominiums.

Keywords: 

pre-construction condo, mortgage, pre-approval, eligibility, credit score, income-to-debt ratio, self-employment, rate guarantee, occupancy fees.

Source Citation: 
Jordon Scrinko
Pre-Construction Condo Mortgages
October 24, 2022
https://precondo.ca/pre-construction-condo-mortgages/
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