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Legal Ease
Legal Ease, Lawyer
Category: Canada Law
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Experience:  Lawyer
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Does buyer's remorse pertain to a Bank Mortgage.

Customer Question

Does buyer's remorse pertain to a Bank Mortgage.
Submitted: 1 year ago.
Category: Canada Law
Expert:  Legal Ease replied 1 year ago.
There is really no such thing as buyer's remorse.
There is a cooling offer period for certain very specific types of contracts but they are rare.
There is no cooling offer period for a mortgage unfortunately.
The mortgage becomes a binding contract once there has been an offer by the bank and an acceptance by you.
I am sorry this is not what you were hoping to hear.
Customer: replied 1 year ago.
You are right. This is not what I had hoped for. If that is your final answer, then thank you and Good Bye.
Expert:  Legal Ease replied 1 year ago.
I don't make the laws. I cannot be blamed for providing an honest answer.So I am puzzled about why you sound angry with me.I cannot make something up to make you happy with me as this is your life and a real life problem.I am really sorry about this.

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