What To Expect When Meeting A Mortgage Specialist

Rochelle Edwards • Feb 12, 2023

Reaching out to a mortgage professional is one of the first steps on any real estate journey... Knowing what you can afford before you start house hunting is vital!

Everyone's situation is a little bit different -- especially if you're self employed -- so this is just the basic outline of the most common documents your Mortgage Professional may request from you.

If it's been a while since you've applied for a mortgage, know that the requirements in terms of what you need to provide have changed...
it will feel like a lot of information being shared, but it is just between you & your mortgage broker.




It's important to note...


They WILL NOT share any of your confidential details about finances with me - just what you QUALIFY for (ie. what you can afford) & if you're also Selling, information about your Mortgage Balances.

Everyone's situation is a little bit different -- especially if you're self employed -- so this is just the basic outline of the most common documents your Mortgage Professional may request from you.

If it's been a while since you've applied for a mortgage, know that the requirements in terms of what you need to provide have changed...
it will feel like a lot of information being shared but it is just between you & your mortgage broker.




It's important to note...


They WILL NOT share any of your confidential details with me -

just what you qualify for.




The basic documents you will need to provide are....



• 2 pieces of ID


• Your most recent paystubs


• A Letter of Employment - your Mortgage Broker will let you know what should be included in the letter & how recent the document needs to be.


• Usually your last 2 years of T4s


• Bank Account Statements where your downpayment funds are held - typically 3 months worth 👍



Once you have an accepted offer, you will also need to provide....



• A copy of the fully executed Offer for your Buy (& Sell if applicable)*


• Deposit receipt*


• Realtor® MLS® listing*


• Gift Letter - if you're receiving gifted funds for your downpayment, the Lender will likely supply a "Gift Letter Form" to be completed.


• A Void Cheque from the bank account where your mortgage payments will be removed



* Your Realtor® should be providing these

documents to your Mortgage Professional

& providing you a copy as well



Once you have an accepted offer, you will also need to provide....



• A copy of the fully executed Offer for your Buy (& Sell if applicable)*


• Deposit receipt*


• Realtor® MLS® listing*


• Gift Letter - if you're receiving gifted funds for your downpayment, the Lender will likely supply a "Gift Letter Form" to be completed.


• A Void Cheque from the bank account where your mortgage payments will be removed



* Your Realtor® should be providing these documents to your

Mortgage Professional & providing you a copy as well


If you're thinking about a move in the Oakville, Burlington, Hamilton + Surrounding Areas,

please feel free to connect with us!




It's never too early & we'd love to chat with you about your real estate goals! 🎯



Ready to find your next home?


Start your Buyer Consultation today!

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