Do you know what is in the fine print of your mortgage? Most people focus on rate and amortization when renewing their mortgages or buying a property. Very few of us understand what we are really signing.
In the July 2020 edition of The Surrey Report, Steve and Chandani discuss three of the most important terms of a mortgage that get lost in the fine print. The reason you need to know about them is that they are not always "standard terms" and the bank is likely inserting these terms for their benefit and not yours ad the borrower.
As always, if you have any questions about your mortgage terms and conditions, reach out to your mortgage professional. Or better yet, give us a shout, we always love to help.
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Benchmark Prices: (Surrey Combined)
Detached = $1,089,500
Townhomes = $583,600
Condos = $400,500
For the complete stats package, please visit http://www.fvreb.bc.ca/stats/
In the July 2020 edition of The Surrey Report, Steve and Chandani discuss three of the most important terms of a mortgage that get lost in the fine print. The reason you need to know about them is that they are not always "standard terms" and the bank is likely inserting these terms for their benefit and not yours ad the borrower.
As always, if you have any questions about your mortgage terms and conditions, reach out to your mortgage professional. Or better yet, give us a shout, we always love to help.
- - -
Benchmark Prices: (Surrey Combined)
Detached = $1,089,500
Townhomes = $583,600
Condos = $400,500
For the complete stats package, please visit http://www.fvreb.bc.ca/stats/