Answers by Michael Bell

This is a great question to ask a reputable mortgage lender. Best advice I can give you is that you want to be in the steadiest position possible right before and especially during contract. Any sudden noticeable changes in occupation, marital status, large purchases, deposits and withdrawls, could trigger an underwriting audit.

It will not create value, but it will not reduce your value either. If you plan on keeping your home forever go for it! If you're thinking of selling in the near future it may not be a wise investment.

Yes. Legally speaking, you are allowed to make an offer on any property, pending or not. However, in this scenerio, this offer must be for back up purposes only and you likely will not be allowed to visit the property unless the seller gives your agent permission.

Unless you are an experienced contractor you should