4 Questions
What is the maximum Loan-to-Value (LTV) for a first-time buyer?
95%
What does the term 'offset mortgage' refer to?
A mortgage that links your savings to reduce the interest on your mortgage
What is the minimum duration of a Form F when a seller has outstanding finance?
60 days
How much commission can be accepted in cash according to KYC and AML regulations?
$55,000 total
Test your knowledge on mortgages with questions related to terms like blocking, LTV, mortgage registration fee, trustee fee, and offset mortgage. Find out about when blocking is required, which banks require it, and the maximum LTV for first-time and second mortgages.
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