Asked by Mr. Gregory Lee
Hi. I am in the process of selling my condo i.e. buyer has exercised option but the sale has not been executed (tentatively end March). Now I am keen to buy a new condo. What are the implications if I decide to put a downpayment before end March? Will it affect the amount of downpayment or amount of mortgage loan I can get from bank? I have no other properties in my name.
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