Mortgage Pre-Approvals Are Not Guarantees
A mortgage pre-approval is a document from a lender stating that a prospective buyer may have the income, assets and credit to carry the mortgage required to purchase a house of some assumed value. Some of its uses are briefly described here: The initial review of your financial profile indicates the maximum loan amount a lender should offer, the loan programs that are open to you and the interest rates you will be offered for a specific period of time. It lessens the chance of you being disappointed if final mortgage approval cannot be obtained for a home you have set your heart on. It...
Read MoreAppointing Guardians and Custodians for Minor Children
One of the most important estate planning considerations for parents is who will care for their minor children in case of the parents’ untimely deaths. Indeed, for many parents, appointing custodians for their children will be the sole reason they undertake any estate planning at all at that relatively early stage in their lives. There are numerous other issues parents will agonize over related to how the custodians will raise their children in their absence. For example: Will the children have to move to another city, province or country? Will the custodial parents have to purchase a...
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Andrea P. Kelly is a legal practitioner and notary public, called to the Ontario Bar in 2001, with practice focus in Estate Planning and Administration, including wills, estates, trusts and powers of attorney. She also practices Real Estate.
Prior to opening her law firm, she worked in various capacities including litigation support lawyer for the Ministry of Attorney General regarding complex commercial litigation, private practice in corporate/commercial law and numerous legal research and writing positions.