As your mortgage broker in Toronto specialist, we are here to help. Maybe you’re getting ready to break into the market for the first time. Or maybe you’re looking for that next home as your family grows.
Getting the best mortgage rates for you is our business. And giving you a checklist to get things in order before you apply. Following is some of what you’ll need.
- If you’re an employee, it’s a good idea to get a letter of employment that’s dated within the last two months. Make sure to include your most recent T4 slip. You will also need to include a pay stub that’s dated within the last 30 days.
- If you can get your most recent bank statements together, that will help with the application process. Try to get ones that cover the last six months. If that’s not possible, three months will do.
- Got a pre-approval letter? You should include that with your mortgage application.
- If you’re buying a new property and selling off your existing one, a copy of the Agreement of Purchase and Sale is important. Especially if you’re going to use the one you’re selling as a down payment.
- Someone like a family member might be helping you with the down payment. If that’s the case, the lending institution will more likely need a gift letter. It will need to confirm that the money does not need to be repaid.
That’s just some of the information you’ll need to get together. At OMJ Mortgage Capital we are happy to walk you through the entire process. What’s more, our team of ex banking executives is dedicated to getting you the best mortgage rates. We are the mortgage broker in Toronto with experience and compassion.
