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Ian Watt Personal Real Estate Corporation - Sotheby's International Realty Canada

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Mortgage & Banking Rules Have Changed - Get Re-Approved

Ian Watt Vancouver Condo Real Estate Video Blog #749 - March 4, 2013

Mortgage & Banking Rules Have Changed - Get Re-Approved 

Ian Watt video blogs about how Mortgage & Banking Rules Have Changed - Get Re-Approved as you may not be approved for the same amount of money as you were a year ago. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs. Please note that opinions, real estate practices, prices and data always changes over time, so please keep in mind the date when this video was published as the information could have become irrelevant over the past days, months and years. Copyright Ian Watt © All Rights Reserved 2013.

Ian Watt: Hi good afternoon it’s Ian Watt in Downtown Vancouver. A lot of people have been taking their time with real estate in buying a place in Downtown Vancouver especially throughout 2012 a lot of people thought the price is we're gonna give significantly and they are waiting for that moment. But what’s happen in the meantime we haven’t seen the price has change a lot so a lot of people are coming back to the table and seeing if they can buy that condo that they were looking for. The problem is we're seeing a lot of people not getting approved for their financing it’s very important if you got approved six months ago that you go back and check again a lot of things have changed in banking in the last six months in regards to mortgages so be sure you go and speak with your mortgage specialist and find out if you're still approved for that same amount of money that you were approved for six months ago. My name is Ian Watt if you have any questions you can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!