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 A
mortgage lender or Kingston
mortgage broker will ask for . . .
Lenders and mortgage broker want a lot of financial information
from you. The information helps the lender decide if you
have the ability to repay the loan. They will ask you for:
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personal information, such as age,
marital status, dependents
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details about your job, including
proof of income (T-4 slips, personal income tax return,
letter from your employer)
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other sources of income, such as a
pension or rental income
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current bank information
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verification that you have made a
down payment
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consent to do a credit check
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your assets, such as vehicles, other
property
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your liabilities, such as credit card
balances—the total amount you owe and total monthly payments
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fees for an appraisal of the house
you want to buy
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mortgage loan insurance fees if you
are asking for a high-ratio mortgage
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a copy of the real estate listing
for the house you want to buy
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condominium financial statements if
you are buying a condominium
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any other certificates or legal documents
for the house you want to buy, such as a certificate for
well and septic tank
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