The Pre-Approval Process
Know your budget
Before you start viewing homes it's important to know what you can afford. Buying a home usually means obtaining a mortgage loan. You will find a useful mortgage calculator below that will give you the monthly payments that you could expect given your particular financing situation.
NOTE: The online estimate of your budget is not the same a pre-approval.
Proper pre-approval means that you have provided your lender with all the associated verification documents. (List of mortgage brokers)
Pre-Approval Documents that your lender may ask for.
- Confirmation of your down payment amount. (Savings, Gift etc.)
- Employment or Income verification.
-Letter of employment.
-T4.
-If self employed then T1 general and notice of assessment for 2-3 years.
- Information about your current property.
-Homeowners insurance.
-Property tax statement.
Mortgage Calculator
This calculator is for information purposes only. Users should not use this calculator
to make any financial decisions and should speak with their bank or mortgage broker.
The website owner does not guarantee the accuracy or reliability of any information or
calculations provided by this calculator. The website owner is not liable for loss
or damage of any kind arising from the use of this tool.
My Featured Listings
317 - 9015 120 Street
$598,000
Royal LePage West Real Estate Services
