A mortgage lender or Ottawa 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:

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

If you have additional questions or would like to see if you can prequalify for a mortgage in Ottawa, please call Chad Robinson at (613) 288-5836 or use our Ottawa Mortgages Directory to find a mortgage broker or mortgage bank specialist to help you.