Advise about conditions
So just a background.We went into buying a home like complete noobs.We got some money from parents and we out shopping. Honestly I thought we were just getting idea of market but we ended up liking a house,we decided to go ahead and they asked us to look at our rental lease where we live right now and it said we are responsible for rent till end of lease or find another tenant so we started looking for tenants and put in a conditional offer on the house for 2 weeks.We shld have applied for mortgage to see what banks say but like I said we are noobs.Scotiabank is concerned about my hours at work.I work for a big employer AHS, but my hours on employment letter are 100 biweekly but my actual hours are shorter.So for 2 weeks it is 87.5 and for next weeks it goes to 109 ,I calculate my average too it's 48 hours per week for last 3 months and I am also on probation and CIBC has already said they can use my income if I am on probation,so my broker said scotiabank has approved my mortgage with condition I show 117.5 hours in my latest paycheque is won't cuz it's already submitted and it's 109.5.i feel like I am rolling a dice here.We got 6 days extension till July 8th from builder and broker is applying with stride mortage and they can take a week.
I work as Associate Physician pay rate 26.97
On probation and after probation ,35 per hours
Job says 100 hours biweekly
Wife is LPN ,her job does not have fixed hours but she easily works over 50 hours and has a record of 1 year and makes around 5000 a month after taxes and I get armd 4000 after taxes and we have outstanding car loans of 50000 and 5000 on credit card .
We still don't have a tenant and that will put a stop on everything but if it's signed I plan to involve a lawyer and my main question is at what stage shld I remove conditions.My broker said yesterday to remove conditions when I don't even have an approval.The builder sent a mail earlier that remove conditions and along with that pay deposit and submit mortgage pre approval letter but is it a done deal from lender with pre-approval which I don't think it is ,they can have conditions and with tricky hours situation on my paycheque and also my wife not having defined hours and also pending appraisal from lender can cause problems and how can I commit by removing conditions. What would you do in this situation.
I honestly want to let this house go even thou i like it and be more prepared and get mortage approved first thing and then have the conditional hold to get final mortgage approval.
Would my lawyer be able to negotiate conditions of financing and appraisal on agreement of sale and purchase.
Thank you,if you read it till, you are kind soul