Blog Article

Thursday, 20 April 2023

By Leahs Mortgages

Shawn Stillman Quoted in the Globe and Mail: “How builder incentives can bite you come mortgage time”

“Rebates of this nature can impact how much you can borrow,” says Shawn Stillman, a mortgage broker and co-founder of Toronto-based Mortgage Outlet. To protect yourself, Mr. Stillman suggests a simple move. “Make sure you have an ironclad mortgage preapproval before the cooling-off period is over on your purchase contract.” and “Make sure the lender is fully aware of all rebates, or you could have an unpleasant surprise at closing,”