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What are the five most essential things to pre-qualify as a first time home buyers - Mortgage Delivery Guy

The pre-approval process will require you to get five things before you can get the mortgage.

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What are the five most essential things to pre-qualify as a first time home buyers - Mortgage Delivery Guy

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  1. What are the five most essential things to pre-qualify as a first time home buyers? Feel Free To Call US 1-800-808-1613 Landline 416-848-0469 www.mortgagedeliveryguy.ca

  2. What are the five most essential things to pre- qualify as a first-time home buyers? The pre-approval process will require you to get five things before you can get the mortgage. These five aspects are: www.mortgagedeliveryguy.ca

  3. What are the five most essential things to pre- qualify as a first-time home buyers? 1. Proof of assets and income: A candidate should share proof of income to the lending party as well as proof of assets. Up-to-date statements from banks, recent pay stub, any documentation which holds information for other incomes, tax return slips, closing costs, and cash reserves are documentations which are accepted as proofs. This is necessary to ensure that you could pay the down payment for the loan. www.mortgagedeliveryguy.ca

  4. What are the five most essential things to pre- qualify as a first-time home buyers? 2. Good credit score: To get the loan, you would need a good credit score. Good credit will ensure that you are capable of repaying the loan. Low scores would mean that you would be paying a hefty down payment, while a good score would mean that you would be getting a loan not only at a minimal down payment but also at lower interest rates. www.mortgagedeliveryguy.ca

  5. What are the five most essential things to pre- qualify as a first-time home buyers? 3. Employment verification: If you are someone who has unstable employment, it would mean that you can turn into a liability for a bank. Therefore, lenders prefer only those who are having stable employment. To check that the information you are providing is accurate, the lender will not only see the pay stubs but also check with the employer by calling them. If you are self-employed, then you should provide some more documentation to ensure that the income you are getting is sufficient to repay the loan amount. www.mortgagedeliveryguy.ca

  6. What are the five most essential things to pre- qualify as a first-time home buyers? 4. Down payment: Down payment is needed for almost every type of loan you are aiming to get. A down payment is a part of your loan amount that you are paying to the bank. Down payments are some part of the total loan amount. www.mortgagedeliveryguy.ca

  7. What are the five most essential things to pre- qualify as a first-time home buyers? 5. Other documentations: Some other documentation, such as proof of identity, your social security number, and your signature, is needed. Some documentation, such as property papers, will also be needed as mortgage loan insurance. Using this documentation, the lender will pull out credit reports to check the eligibility of your loan. www.mortgagedeliveryguy.ca

  8. What are the five most essential things to pre- qualify as a first-time home buyers? THANK YOU www.mortgagedeliveryguy.ca

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