We recommend having the following information with you when you apply for
financing for your new home. Having these items ready will simplify
the application process.
- Details of your regular
monthly income and other earned income (i.e.. bonuses, overtime and/or
a second
income). A copy of your income tax returns for the last two
years;
- If you are self-employed, most lenders require copies of
both your business and personal tax returns for the last two years;
- If there are two borrowers, you should
include details of both borrowers' income;
- A history of your savings, such
as bank statements;
- Details of your current assets and
liabilities such as current personal loans, credit card debts,
etc;
- If you have found the house of your
dreams, you will need to provide details of the property or a copy of
the signed pages of the Contract of Sale, if available;
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