Mortgages
Getting Ready (to see a lender)
Getting Ready
Remember that impressions count. The best way to make a good impression is be prepared. Gather the following information to submit to your lender:
- Current statement of earnings of all purchasers
- Updated bank account balance(s)
- Current credit card statements
- Car loan or lease information
- Other debt information
- All asset information:
- vehicle information
- home furnishings
- investments
- vacation property (trailer, timeshare)
- collectibles (they must be professionally appraised)
- Projected down payment information
Names, addresses and telephone numbers of:
- Employer(s)
- Chequing/savings account bank branch and contact
- Broker
- Landlord
You may also wish to do a rough calculation to figure out your debt service ratio. This will give you a rough idea of where you stand before you see your lender.