Found 1 blog entry tagged as mortgage pre-approval.

Before you start browsing listings and booking home viewings, there’s one critical step every buyer should take—getting mortgage pre-approval. Not only does this help define your budget, but it also shows sellers you’re serious and financially ready.

Here’s what you need to gather to get mortgage approval:

1. Income Documentation

If you are an employee:

  • Letter of Employment (dated within 60 days)

  • Most recent Paystub (dated within 30 days)

  • Most recent T4 (required if income includes hourly, bonuses, commissions, or overtime)

If you are self-employed (sole proprietor):

  • Notice of Assessment (NOA)

  • T1 General Tax Return

  • Statement of Business Activities (T2125)

  • Proof of Tax…

278 Views, 0 Comments

Read Full Post