TYPES OF LOANS
FIRST TIME HOME BUYER
Platform
BUYING YOUR FIRST HOME?
Purchasing your first home is a very large and important step in life. Along with feelings of excitement it can often feel overwhelming and stressful. It’s important that during this process you take your time, gather information and ask lots of questions (this is arguably the largest purchase you will ever make – its ok to ask a lot of questions!)
Often, your first step is having a conversation with a qualified professional, where you can discuss your current job, down payment, and credit details as well as confer any initial concerns or inquiries you may have with the process. From there, your mortgage specialist will be able to arrange a specific time for a meeting or online webinar session to discuss a preapproval.
In order to obtain an accurate preapproval, lenders will ask to see the below documentation.
- A current letter of employment
- A current paystub
- Your last 2 years of T4’s
- Your last year’s notice of assessment
- An investment statement showing your down payment