Getting Pre-Approved

  • Be prepared to share personal information such as age, marital status and dependents
  • Share financial information such as employment and proof of income
  • A letter from your employer on Company letterhead stating:
    • Rate of income, number of hours guaranteed, salary or annual commissions.
    • The letter should also contain contact name, position, phone number and signature.
    • Number of years of service and whether position is full time or part time.
  • Copy of recent pay stub that includes both net and gross income
  • Copies of assessments or T4's for past 2 years of filing income tax
  • Provide other sources of income such as pension or rental 
  • Current banking information
  • Verification of down payment (Bank statements for past 3  months or if gifted you will require a gift letter confirming it is non-refundable
  • Provide consent to run credit check
  • Provide a list of assets including property and vehicles
  • Provide a list of liabilities such as credit card balances, car loans - total amount owing and your monthly payments
  • Have plans and costs for your new home