Hey, how you doing? It’s Walter Monteiro here from Remax Cambridge Kitchener, Waterloo. A little bit of a rant, this is just with regards to TRREB members specifically for greater Toronto agents coming into Cambridge showing listings. First of all, I more than welcome you. I would really appreciate you guys coming into our city and showing ...
Continue ReadingCommandment #10 (The 10 Commandments of Real Estate) Finally, Commandment #10: Thou shall not co-sign a loan for anyone! Man, I can’t believe how many times we’ve actually seen this. We get somebody in, to get approved pre-approval for a mortgage. We ask them, do you have any debt? They give us ...
Continue ReadingCommandment #9 Thou shall not change bank accounts. Again, very important, sort of related to Commandment #8. The one thing that your lender looks for is consistency. If you’ve got a brand new bank account or you’ve changed bank accounts, they’re going to question where the money source is ...
Continue ReadingCommandment #8 Well, hello there. We’re talking about Commandment #8 today and that will be: “Thou shall not make large deposits without checking with your loan officer first or your mortgage broker.” So the reason you don’t want to do that is that you don’t want to give any kind ...
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