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How do I get a mortgage?


Congratulations! Looks like you’re in the market to buy a new home. Whether you’re seeking a pre-approval to help you shop with confidence or you’re ready to buy the home of your dreams, you’re now likely wondering, ‘how exactly do I go about getting a mortgage?’

Basically, once you have a specific property or property value in mind and an understanding of the down payment you’ll be able to make, the next step is to select a financial institution and fill out a mortgage application. We suggest you choose a financial institution that can best fit your needs, everything from advice, products, interest rates and the level of service provided are things you should consider.

As part of the application process, supporting documentation to confirm the information on your application will be required.

Typically these cover three main areas: 
1. Your credit history.
2. Your income.
3. And your ability to cover the down payment and closing costs.

Your financial institution will first ask for your permission to run a credit check. With regards to proof of income, you’ll likely be asked to supply your most recent paystub and T4 slip. And lastly you’ll be asked for additional paperwork, like your bank statement to show you have the funds to cover the down payment and any closing costs.

Having the right documents in hand when you first apply can save you a lot of headaches down the road.

To learn more about us, visit our website. There, you’ll get our most up to date mortgage product and rate information as well as contact details for our branches and our mobile mortgage specialists. If you’re pressed for time, you can even submit your mortgage application completely online!
Let’s help you start the home buying process – that dream home of yours can be in reach, and we want to help you get there.