Quote:
Originally Posted by DylanScores
I am wondering what is it like to live year round living in the kootenays (Trail area) vs visiting? Any thoughts?
Can you also "suspend" an existing mortgage while looking for a house in another province once a house is sold in Alberta? We want to take our time finding the right house in the area instead of buying one right away. Thank you.
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Not sure about life in Trail. But if you're wondering about keeping your mortgage loan while looking for another house, I'm sure you can't. There needs to be security in order for the loan to be in effect. No house, no security. You would likely have to requalify anyway even if you went from one house right into a new house. The new house has to qualify and the bank will likely want to requalify you as well. You'll probably just want to get prequalified for a loan so you know what you can afford.