If you are buying in Pickering while selling elsewhere, I can help you identify the mortgage questions that need answers before the two transactions are committed.
Check when the money becomes available
Put the deposit date, purchase closing date and expected sale completion date on one page. The deposit and final down payment are paid at different points in the process, so knowing your total equity is not enough to plan your cash needs.
A detail to check early
If you expect a gap between the two closings, flag it early. Ask what financing, sale documentation and legal arrangements would be required instead of assuming a temporary solution is automatic.
Questions to bring to our conversation
- When would the purchase deposit be due?
- Are sale proceeds needed for the next purchase?
- What happens to your plans if one closing date changes?
Choose the next step that fits your plans
Preparing to buy
Understand the review process before your home search.
Explore →Approaching renewal
Compare the current offer with your future plans.
Explore →Considering a change
Review the costs and implications of new borrowing.
Explore →Prepare before we speak
Bring your timeline, your main question and a rough outline of your plans. You do not need to upload financial documents to start. Read the related planning guide and note anything you want me to explain.
Further reading: FCAC: Buying a home. General information; lender requirements and individual circumstances vary.