OBTAINING A MORTGAGE PRE-APPROVAL
When you are ready to start looking to purchase a home, it is very important to speak to your Financial Advisor to obtain a pre-approval. The pre-approval provides you the value you are qualified for to spend. The documents you may require to obtain your pre-approval are:
- Personal information - age, marital status and amount of dependents
- Financial information – Your employment & proof of income (A letter from your employer on letterhead may be required stating your income, salary, years of service, whether position is part-time or full time, and their contact information)
- Copy of you pay stub
- Verification of down payment – Bank statements for past 3 months)
- Provide consent for a credit check
- Provide a list of assets – Properties, vehicles, etc.
- Provide a list of debts and monthly payments – Credit cards, loans etc.
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The above information is deemed reliable, however, no responsibility is assumed for the accuracy of this information.