Mortgage docs public info

Did you know mortgage documents are public information.  If you are buying Salt Spring real estate and are trying to figure out what to offer would it not be nice to know what the seller owes on the place?

The mortgage documents that are registered on title will only tell you the size of the mortgage when it registered on title.  Not the current balance but it will show you the term and rate.  With a mortgage calculator one can figure out pretty quickly what is owed on the place.

Cheers

Scott Simmons

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Comments

  1. DonHerbarni says:

    Great stuff! Seriously.

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