Discussion Questions
Financial Capacity
Your client discusses financial capacity in light of mortgage selection. The client is young, shows promise for the future, but is presently cash short. In 200words,what mortgage products should be recommended? Name at least four and support your recommendations.
Prequalifying Buyers
Buyer Agent's Responsibilities - Prequalifying Buyers. In 200 words, justify why the buyer's real estate agent should have their client prequalified before showing properties. What type of information will the bank require from the buyer in order to prequalify them?