Share This Page

Experts Questions and Answers


Marilyn Collison
Mortgage Agent
Read Marilyn Collison's Blog Go to Marilyn Collison's Website

I am thinking of buying my first home. What kind of information will you need from me before I can get a mortgage?

Posted by Susan to Marilyn Collison  ::  Views (1327)

Hi there- When applying for a mortgage, typically it's necessary to fill out an application, during which process we factor in all of your debts in order to ascertain your debt-to-income ratio.  The types of debt that are taken into account are, for example, loans, car payments, credit card payments, anything that may show up on your credit bureau report. 

It's also important to present proof of your income, as well as the amount the downpayment you intend to put down and proof of where it is coming from, as well as your employment information such as your current place of employment and your employment history.

Realty Executives Alison Ltd.  Brokerage

Realty Executives Alison Ltd.

Brokerage

727 Landsdowne St. W, Suite 100

Peterborough, ON K9J 1Z2

Office: 705-749-9229

Fax: 705-750-0345