Everyone's situation is a little bit different -- especially if you're self employed -- so this is just
the basic outline of the most common documents your Mortgage Professional may request from you.
If it's been a while since you've applied for a mortgage, know that the requirements in terms of what you need to provide have changed... it will feel like a lot of information being shared, but it is just between you & your mortgage broker.
It's important to note...
They WILL NOT share any of your confidential details about finances
with me -
just what you QUALIFY for
(ie. what you can afford) & if you're also Selling, information about your Mortgage Balances.
Everyone's situation is a little bit different -- especially if you're self employed -- so this is just
the basic outline of the most common documents your Mortgage Professional may request from you.
If it's been a while since you've applied for a mortgage, know that the requirements in terms of what you need to provide have changed... it will feel like a lot of information being shared but it is just between you & your mortgage broker.
It's important to note...
They WILL NOT share any of your confidential details with me -
just what you qualify for.
The basic documents you will need to provide are....
• 2 pieces of ID
• Your most recent paystubs
• A Letter of Employment - your Mortgage Broker will let you know what should be included in the letter & how recent the document needs to be.
• Usually your last 2 years of T4s
• Bank Account Statements where your downpayment funds are held - typically 3 months worth 👍
Once you have an accepted offer, you will also need to provide....
• A copy of the fully executed Offer for your Buy (& Sell if applicable)*
• Deposit receipt*
• Realtor® MLS® listing*
• Gift Letter - if you're receiving gifted funds for your downpayment, the Lender will likely supply a "Gift Letter Form" to be completed.
• A Void Cheque from the bank account where your mortgage payments will be removed
* Your Realtor® should be providing these
documents to your Mortgage Professional
& providing you a copy as well
Once you have an accepted offer, you will also need to provide....
• A copy of the fully executed Offer for your Buy (& Sell if applicable)*
• Deposit receipt*
• Realtor® MLS® listing*
• Gift Letter - if you're receiving gifted funds for your downpayment, the Lender will likely supply a "Gift Letter Form" to be completed.
• A Void Cheque from the bank account where your mortgage payments will be removed
* Your Realtor® should be providing these documents to your
Mortgage Professional & providing you a copy as well
If you're thinking about a move in the Oakville, Burlington, Hamilton + Surrounding Areas,
please feel free to connect with us!
It's never too early & we'd love to chat with you about your real estate goals! 🎯