Documents for Mortgage Pre-Approval

Paper Work your Mortgage Broker will need before they can offer a complete pre-approval:

When applying for a mortgage, the amount of documentation required by mortgage providers from borrowers can vary widely. Depending on the mortgage, you could be required to provide full documentation or no documentation or something in between. With the latter category, the mortgage company simply relies upon your credit score and your credit history to determine if you qualify for a loan.

To ensure a quick and accurate pre-approval you should bring the following to your mortgage appointment:

• Your most recent pay stubs — the last two or three, typically
• Employment letter from your employer stating how long you have been working there, your rate of pay, whether you are working full-time or part-time, and whether you are on a probationary period or not. (Banks like to see full time employment with no probationary periods)?
• Notice of Assessments from the last two tax years.
• Bank statements for the past 2 or 3 months, i.e. checking, savings, etc. (Down Payment Verification)

Your mortgage provider will always give you a check off list of documents needed. By following the list closely, you can assure that your loan is processed quickly and accurately.