Mortgage ABC's

Please also see my many video blogs in my vBlog section, First Time Buyers. Here you will find some great information for first time buyers presented in video format!


Step By Step - Purchase Process  

Contact Chris Matthey - Discuss your options with Chris and get pre-approved. Lock your rate for 90-120 days.

Provide Documentation - Refer to documentation checklist to see what documents you need to provide.

Select Real Estate Agent - Ask Chris about his trusted and experienced realtors.

Find Your Home - Find what is right for you and make an offer. Make your offer conditional upon financing and a home inspection.

Remove Conditions - Complete Home Inspection. Provide and get approval of remaining documents (income, down payment, etc). Appraisal, if applicable. Review details of your mortgage and sign up with Chris.

Prepare For Your Move - Contact your lawyer to arrange signing of legal documents.  Also, packing., packing, packing. 

Sign Up at Lawyers Office -  Several days before closing meet with lawyer to review mortgage and legal details. Provide cheque for down payment and closing costs.

Get Keys for Home  - Congratulations Home Owners!


Documentations Checklist

Income

Salary or Hourly Employed

• Employment Letter
• Recent Pay Stub
• 2 Years NOA’s (Notice of Assessment)
  

Self Employed

• 2 Years NOA’s (Notice of Assessment)
• 2 Years T1 Generals – including Statement of Business Activities
• Business License
• Letters of Incorporation (if applicable)
  

Down Payment

• 3 Months Bank Statements
• Investment Statements
• Gift Letter
  

Other (if applicable)

• Mortgage Statement(s) – for all properties owned
• Lease Agreements – for rental properties owned
• Confirmation of debts paid 
• Void Cheque - for mortgage payments

Please also see my many video blogs in my vBlog section, First Time Buyers. Here you will find some great information for first time buyers presented in video format!