Simple Steps to Mortgage Application for First Time Home Buyers

Simple Steps to Mortgage Application for First Time Home Buyers

In this simple steps to Mortgage Application for First Time Home Buyers I will walk you through the information required when applying for a mortgage as a first time home buyer.

Purchasing your first home can be an overwhelming process, but we are here to simplify it for you. From gathering necessary documents to understanding the different types of mortgages available, I've got you covered.

Don't let the mortgage application process intimidate you - with the right guidance, you can navigate it smoothly. Let's dive in and learn everything you need to know about applying for a mortgage as a first time home buyer.

For your interest, these are the information that is normally required: 

Mortgage Application Step by Step 

(You'll need to provide information for each person to be included on application)

Your Full Name:

Email (for each person):
Social Insurance #:
Marital status:
Are you a Canadian Citizen or Permanent Resident of Canada?:
Do you own or rent your current home?:
Driver's license # and expiry date

The rent details on your current home

Current monthly rent:
# of years at present address:
Your phone #:
Previous address (if at present address for less than than 2 yrs):
Email address:
Current Employer & phone:
# years with present employer:
Income (T4 income for past two years): 

Income details 

Does your income inctude bonus, overtime e commicelon income?.
Previous employer (if at present less than 2 yrs).
Do you have self-employment income?:
If so what is your self employed income for the past two years
Personal financial assets (Bank accounts, RSP's, savings, investments, etc) and approx value
A credit bureau report is necessary to set up your application.
Amount and source of down payment?:
Desired property purchase price (estimate)?:
Are you a First Time Home Buyer?

The above information covers all you need to prepare as you plan to start your mortgage application journey.
Thank you for reading!

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