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The Real Estate and Mortgage Show - September 24

Steve, Paul and Barb take all of your real estate and mortgage questions!!

Published

Paul Rushforth gives his tip when it comes to closing your home pool if you're selling your home. Typically, most pool owners know how to close the pool for fall/winter. However, having a professional close your pool is highly suggested. Having a receipt of a professional closing your pool will help you avoid any issues should the buyers open it after winter and find any issues.

Paul also suggests that you obtain professional pictures with your pool open, patio furniture out, during fall to ensure you have photos showing your home during non-winter months. However, Barb Kramer from Mortgage Brokers Ottawa mentions you should avoid having photos taken with any rooms of the home needing some renovations, or are in a mid-renovation phase. Banks have issues with homes that aren't complete, and this could jeopardize financing.

Barb Kramer explains that as a mortgage broker, we have multiple options when it comes to homeowners who own multiple rental properties. Some banks limit how many rental units you are allowed to own before they refuse to finance you. Brokers also have access to lenders who factor how much rental income you can use on your application differently. It is important to speak to a mortgage broker to ensure you are receiving the best product solution, tailored to your unique situation.