Your Mortgage Application
Anytime you apply for a mortgage you will be asked for some pretty standard information. This information is used to determine what level of mortgage you qualify for.
Personal Information:
- Your contact information: current (and possibly past) addresses; your phone numbers; SIN; birth date; marital status
- Your current (and possibly past) employer along with contact information
Assets:
- bank accounts
- RRSP’s
- Stocks and Bonds
- Vehicles
- Real Estate Investments
- Personal effects (i.e. collections)
Liabilities:
- Credit Cards
- Personal loans
- Auto loans or leases
- Charge Accounts
- Mortgages
- Rent
- Leases
It may take some time to put the numbers together, but once you do, you will have a snap shot of your financial standing.
One BIG benefit of working with a professional mortgage broker, is that you only have to provide your financial information ONCE.
When we get your information, we obtain your credit report. To a large extent, your ability to obtain a mortgage depends on the information contained in the credit report. If there is a problem with your credit report, we can advise you on how to proceed.
Your financial snap shot plus the credit report help us determine what kind of mortgage you can qualify for.
Our goal is to make this whole process as easy as we can. Give us a call at 604-736-1855 to get started!
You can also check out our online application form or save a copy of our application PDF
