Christine Buemann Mortgage Broker

Are you currently shopping for a home? If you are getting ready to write an offer on a home this holiday season, here are a few helpful hints that I have learnt from experience: ·          Realtor / Mortgage Broker : if your Realtor or Mortgage Broker is away over the holidays, it is a good idea to meet with their replacement prior to them leaving. If you don't feel comfortable with their replacement, be honest with them. They can generally have someone else look after your needs while they are away to ensure you have a positive experience ·          Lawyer or Notary: if your closing date is set to be at the end of December, find out what days your lawyer's office is open and make sure   they can take on your file ·          Home Inspector / Appraiser: check the availability of your Home Inspector and/or Appraiser to have an accurate time frame for your subject removal dates ·          The biggest thing to remember from the financing perspective is that many bank

With all of the changes in mortgage lending over the last while, the one thing that all lenders and insurers (CMHC, CG & Genworth) have cracked down on and that is supporting documents. The best way to look at it is that every piece of information from your application has to be verified. Here is a list of the basic supporting documents that will be required when you get your next mortgage. · Letter of employment o    Stating your salary, start date and tenure o    Should be on company letterhead o    Should be written within the last 30 days o    Should have contact information for the person who can verify the information ·   2 recent paystubs o    Should be within the last 30-60 days o    The YTD and wage much be a true reflection of the income used to qualify ·   Notice of Assessment for the last 2 years   if you are part time or receive any overtime, bonuses, or commission ·   Proof of downpayment and 1.5% of the purchase price for closing costs via: o    Investm