Do you advise a lock-in on a Lethbridge home loan?Locking in a mortgage rate with a lender is one way to ensure that same rate still will be available when you need it.
Lock-ins make sense when borrowers expect rates to rise during the next 30 to 60 days, which is the usual length of time lock-ins are available.
A lock-in given at the time of application is useful because it may take the lender several weeks or longer to prepare a loan application (though automated loan practices are cutting this time dramatically).
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Contact Information
Courtney Atkinson Century 21 Foothills - Atkinson & Associates 204 - 515 7 St S Lethbridge, AB, T1J 2G8
Cell: 403.795.7777
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Whose obligation is it to disclose pertinent information about a Lethbridge area property?
In Canada, it is the seller, but obligations to disclose information about a property vary.
Under the strictest laws, you and your agent are required to disclose all facts materially affecting the value or desirability of the property which are known or accessible only to you.
This might include: homeowners association dues; whether or not work
done on the house meets local building codes and permits requirements;
the presence of any neighborhood nuisances or noises which a
prospective buyer might not notice, such as a dog that barks every
night or poor TV reception; any death within three years on the
property; and any restrictions on the use of the property, such as
zoning ordinances or association rules.
Questions about Lethbridge Real Estate?
Ask us below or Call us Now at 403.795.7777
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