Mortgage Pre-Approval Checklist

Mortgage Pre-Approval Checklist Before you start the pre-approval process for a mortgage loan, you should get some 'things in order. MORTGAGES Here is a checklist of steps you can take to make the process éasier: Pre-approval & Pre- qualification A mortgage preapproval means approval of loan amount as requested. Prequalification simply means that the buyer has a good chance of getting the requested mortgage approved. Asset Documentation Income Documentation edro roof expensiveor decorationm building rent ceilingbudget ownertax energ accomodationp window apartment real estate shelte villa mortgage barents vearsJtoal eltinn bayment a lighting income. The lender will You must document your assets when seeking any type of mortgage preapproval. home 29O fe cash review your structure glassarpete o familyadoors shouse consumer credit reports as part of the mortgage preapproval process. Credit Information The lender will review your consumer credit reports as part of the mortgage preapproval process. Employment Verification Your lender will not only want to see your pay stubs, but is also likely to call your employer to verify that you are still employed and to check on your salary. Preapproval Letter After your documentation have been reviewed & researched on credit checks or employment verification, you will hopefully receive a mortgage preapproval lefter. Designed & issued in public interest DOMINION LENDING CENTRES www.gertmartens.ca