Loan Application
After you have decided on a home to buy and have signed an Agreement to Purchase, you typically have 90 days (although it can vary) to close the transaction. You will be surprised how fast that time seems to pass so you need to act quickly or risk losing your deposit depending on your agreement. Below is a list of the things than need to be done at this stage.
- Apply to the mortgage-lending institution of your choice for your loan immediately. They will have a list of documents you will be required to produce. Shown below is a list of the common ones they request. Others could be required depending on your particular circumstances. If you would like a hard-copy of the below, please feel free to contact us.
- It might be a good idea (especially if you have already been pre-approved) to liaise with your attorney to check the title of the property you are purchasing to make sure early that there are no unpleasant surprises later on!
| Agreement |
|
Bank Form |
| Board of Inland Revenue # |
| Credit Report (Bank to Obtain) |
| Deed |
| Financial details & Credit Cards |
| ID – 2 Pieces |
| Recent Pay Slip |
| Salary Letter |
| Recent Utility Bill |
| Recent Valuation Report |
| Completion Certificate (Depends on age of home) |
