Found 2 blog entries tagged as real estate tips.

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…

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So you started your home search, found your dream home, and are writing up an offer with your REALTOR®—congratulations! Buying a home is an exciting time, and when it feels like you’ve found the perfect one, it’s easy to get caught up in thinking of it as your own even before the offer has been sent in. You start imagining your new future and all the adventures your family will have there, and before you know it, you’ve already started calling it “yours!”

A word of caution, though… As exhilarating as it is to feel like you have finally pinned down your new home, there are still some steps to take care of before making it official. One of the most crucial being the home inspection. Sure, your possible new house looks perfect behind those…

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