What Information Is Required To Be Preapproved
For Mortgage?
If you are applying for a preapproved mortgage, have
following
information ready to give to your Mortgage Intelligence Consultant:
Have your employer give you a letter on company letterhead
outlining
your name, position, gross annual income, and number of years employed
with the company.
If you are self-employed, you will need three years
financial
statements, and tax returns (together with official assessment from
Revenue Canada).
Social Insurance Numbers.
At least 3 years history of residences and employers.
Know your banking information (i.e. institutions
name, address, type of accounts, account numbers).
Know your assets and their value (i.e. cash amounts,
stocks, bonds, RRSPs, car).
Know your liabilities (i.e. car loan, credit card
balances).
Also, be sure and advise your Mortgage Intelligence
Consultant about any past credit problems you may have had.
Finally, write down a list of questions you would like to
have answered.
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