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Tag Archives: API-145

Tricks and traps of buying off the plan

TRAP: PRE-APPROVED FINANCE MAY NOT LAST My biggest concern with off-the-plan purchases is whether you’ll be able to get finance when the building is completed. You see, it’s very difficult to get pre-approval that will last the term of the off-the-plan contract. As a result you’re gambling that your situation doesn’t change during the construction period and your bank still ...

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