Getting Pre-Approved

It is very important to speak to your Financial Advisor to get a mortgage pre-approval in place prior to actively look for a home.  Here is a list of documents you may require.

• Be prepared to share personal information such as age, marital status, and dependants
• Share financial information such as employment and proof of income
• A letter from your employer on Company letterhead stating:

              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