• About
  • Apply by FAX
  • Apply On-line
  • B2B- Realtors
  • CHIP Reverse Mortgage Plan for Canadian Seniors
  • Contact
  • Credit and Solutions
  • Documents Required for Mortgage
  • FAQ
    • Fixed vs. Variable Rate
    • Mortgage Terms
    • Types of Mortgages
    • Web Links
  • Mortgage and Financing Solutions
    • Mortgage Solutions
  • Mortgage Calculators
  • Mortgage Rates
  • Our Services
    • 2nd Mortgage
    • Buying a Home
    • Commercial Mortgage
    • Debt Consolidation
    • Home Equity Financing
    • Mortgage Refinancing
    • Our Investment Services
    • Renewal
    • Reverse Mortgages
  • Privacy
  • WHY USE A MORTGAGE BROKER?

TORONTO MORTGAGE TRENDS >>>

~ One Stop Mortgage & Financial Solution.

TORONTO MORTGAGE TRENDS >>>

Monthly Archives: July 2014

Documents and Information Needed for a Mortgage

26 Saturday Jul 2014

Posted by torontomortgagetrends in Uncategorized

≈ Leave a comment

Documents and Information Needed for a Mortgage

Below you will find a list of documents and information required to get a mortgage.

Basic Information

  • Name, Address, telephone number, email (including co-borrower)
  • Social Insurance Number – SIN
  • Employer, job title and time you work with the company
  • Income
  • Previous Employer (if current employment less than 3 years)
  • Age / date of birth
  • Number of dependents (children, parents, disabled)
  • Name and address of the bank you deal with
  • Copy of photo identification such as driver’s license, passport or other government ID.
  • Credit score. When you fill out home mortgage application you give lenders permission to check your credit score. Lenders cover this cost.

Assets and Liabilities Documents

  • Proof of real estate, car, investments or other assets you own
  • Documentation of loans such as credit cards, car loans, mortgages, student loans and other debts you must repay

Income Verification Documents

  • Most recent pay stub or pay slip showing amount you earned this year.
  • Letter of employment.
  • Must be official from your company
  • State length of employment, date of hire and position
  • If you get paid hourly, than the letter must state hourly rate and hours you work per week
  • If you get paid salary than the letter must state the amount you get annually (per year)
  • T1 General Income Tax Form – most recent copy.
  • Notice of Assessment [define] from most recent tax return to show if there are any taxes owed.
  • Financial bank statements

Real Estate Property Documentation

  • Specify type of mortgage (home mortgage, refinance, home equity, pre-approval, etc)
  • Mortgage amount
  • Mortgage term (5 years, 10 years, 15 years, etc)
  • Interest Rates and Amortization [define]
  • Property address and type (condo, house, townhouse, etc)
  • Details of existing mortgages on the property you want to purchase (must be obtained for the seller)

Mortgage interest rates are subject to change without notice. We attempt to maintain accuracy on our website, however, mortgage information on this website should be used only as a guideline.

Please consult a mortgage professional before taking any action. or call us at 647.267.6338 or e mail

Apply Online          Apply By Fax           Contact Me
Advertisements

Pages

  • About
  • Apply by FAX
  • Apply On-line
  • B2B- Realtors
  • CHIP Reverse Mortgage Plan for Canadian Seniors
  • Contact
  • Credit and Solutions
  • Documents Required for Mortgage
  • FAQ
    • Fixed vs. Variable Rate
    • Mortgage Terms
    • Types of Mortgages
    • Web Links
  • Mortgage and Financing Solutions
    • Mortgage Solutions
  • Mortgage Calculators
  • Mortgage Rates
  • Our Services
    • 2nd Mortgage
    • Buying a Home
    • Commercial Mortgage
    • Debt Consolidation
    • Home Equity Financing
    • Mortgage Refinancing
    • Our Investment Services
    • Renewal
    • Reverse Mortgages
  • Privacy
  • WHY USE A MORTGAGE BROKER?

Meta

  • Register
  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.com

2nd Mortgage – 3rd Mortgage agencies in canada b2b partners baker road. best mortgage brokerage office brokerage operation business Centum Metrocapp centum mortgage closed mortgages Closing Costs conventional mortgage convertible mortgage convertible mortgages credit options credit worthiness debt consolidation loan economy educated borrowers financial group inc financial obligations fixed rate loan fixed rate mortgage free credit report gordon baker holding a mortgage home equity loan independent mortgage broker information employment loan product lowest mortgage rates lump sum payment money makes sense mortgage approval mortgage brokerage mortgage brokers. mortgage consumers mortgage customers mortgage experts Mortgage FAQ mortgage holder mortgage investor mortgage investors Mortgage Lender mortgage lenders mortgage products mortgage professionals mortgage solution negative comments new home buyers own mortgage payment flexibility poor credit score pre approved mortgage private investor Private Mortgage Investors private mortgages product choices product launch race ethnicity real-estate refinancing your mortgage resource appraisal right mortgage royal bank of canada. sluggish market survey fee term mortgages Today's Best Rates typical home inspection Understanding Private Mortgage variable rate mortgage wraparound loan Your Credit Rating

Categories

  • best interest rate
  • centum
  • credit
  • information exchange
  • mortgage agents
  • mortgage broker
  • Mortgage Brokerage
  • Mortgage FAQ
  • Mortgage Lenders
  • Today's Best Rates
  • Uncategorized

Recent Posts

  • Bank of Canada holds rate, suggests more hikes likely at more cautious pace!!
  • MPC : Ottawa’s recent changes to mortgage rules are making homes less affordable for Canadians and dampen housing activity, which could impact economic growth.
  • Bank of Canada announces rate (Unchanged)
  • Mortgage terms should also be taken into consideration, not just rates.
  • Happy Canada Day to All

Archives

  • October 2017
  • March 2017
  • February 2017
  • July 2016
  • June 2016
  • April 2016
  • January 2016
  • October 2015
  • September 2015
  • May 2015
  • April 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • October 2013
  • September 2013
  • June 2013
  • February 2013
  • December 2012
  • October 2012
  • May 2012
  • February 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 509 other followers

Advertisements

Vijay Gandhi | Mortgage Broker | Direct :+1-647-267-6338

CENTUM Metrocapp Wealth Solutions Inc, Lic.# 12147

Blog at WordPress.com.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy