Mortgage Approval Checklist

• Mortgage Approval Checklist -What you'll need to completing your mortgage application

   

• New Property:
  

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  • Copy of the signed Agreement of Purchase and Sale
  • Copy of MLS Listing (if purchased through a Realtor)
  • Address of new house and complete description of property
  • Contact information to obtain access to the house
  • If it's a new construction, plans and specifications
  • Name, address, phone and fax number of your Lawyer

  Personal Information:

   

• • Full Name
  • Date of Birth
  • Marital status
  • Number of dependents
  • Current address and phone number
  • Your addresses for the past 3 years
  • Your Social Insurance Number

  Emplolyement History:

• • Detailed information about your past three years of employment
  • Letter of Employment and recent pay stubs (occasionally, a T4 may be required)
  • If self-employed, two years of Notice of Assessments and 3 years of income tax returns
  • Written explanation of any gap in employment
  • Records of dividends and interest received

  Assets:

• • Complete information on all bank accounts
  • Bank statements for the past three months
  • Confirmation that the down payment came from within your own resources
  • Current value of stocks, bonds, mutual funds and other investments
  • Current value of any RRSP’s
  • Value of life insurance (CSV)
  • Information on your cars, how much you owe or its current value
  • Information on real estate you own
  • Value of significant personal property
  • If any financial gift is provided by immediate family member(s), please keep record

  Liabilities:

• • Itemized list of all debts, including loans, credit cards and other bills
  • Written explanation of any past credit problems
  • Full details of bankruptcy during the past seven years, if applicable

   

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Mortgage Solutions

No matter where you live, Mortgage Rates BC can help provide you with the right Mortgage Solution for now and for your future.   Are you looking to Buy your First Home in Vancouver BC or Refinance your current mortgage in Kelowna BC or Consolidate Debt  in Victoria BC we have the tools to get the job done for you no matter where you live.
We have the experience to handle the most difficult residential refinancing too. If you need Private Mortgage Help in Surrey BC or a 2nd Mortgage in Burnaby BC or if you are facing a possible foreclosure in Richmond BC, Mortgage Rates BC has the knowledge to inform you of your options and the lenders that have tailor made solutions to Help.
We are just a click away on our Contact Application or by phone at 778-839-3963. Call or Click today and let us handle your Mortgage request for you and have the peace of mind knowing you have a professional on your side.