Question: please ans separately for 2 questions Several documents must be obtained from the client when taking the mortgage application. These documents are dependent on the

please ans separately for 2 questions
please ans separately for 2 questions Several documents must be obtained from
the client when taking the mortgage application. These documents are dependent on

Several documents must be obtained from the client when taking the mortgage application. These documents are dependent on the type of transaction. When arranging a refinance, the mortgage agent must obtain, in addition to the documentation required for a purchase: Select one: a. The Transfer/Deed b. MLS listing c. Proof of Income d. A property tax statement Olivia is considering buying a unit in a co-op in downtown Toronto, but is unsure of how it differs from a unit in a condominium. Out of the following options, what would you tell her? Select one: a. She will be purchasing the unit, the same as a condominium b. Co-ops must be purchased in cash c. She will need to get a business loan to purchase the unit d. She will be buying shares of the corporation

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