New FAQ questions for 15th week of 2009.
A question submitted to Toronto Condominiums FAQ:
Hi Julie, my question is regarding the loan for new condos that are in the building stage. In case I was approved for a certain amount for mortgage loan, and at the time the condo is ready in 1 or 2 years my employment status has been changed and my income is lower than before, is this will affect the loan amount? If the bank won't give me what I was approved before, what could happen in this case? thanks. »