You are searching about How Many Years Of Tax Returns Are Required For Citizenship, today we will share with you article about How Many Years Of Tax Returns Are Required For Citizenship was compiled and edited by our team from many sources on the internet. Hope this article on the topic How Many Years Of Tax Returns Are Required For Citizenship is useful to you.
Applying for a Mortgage Loan – What Do I Need to Know?
When I talk to potential clients, they ask me what information should they prepare to complete their mortgage application. I prepared this blog post because I thought it would help you prepare for our meeting.
The Mortgage Application asks for information about the type of mortgage you are applying for, as well as your personal financial situation.
To complete the mortgage application, you (and the co-borrower, if you have one) must provide the following information:
Work History – I need 3 years of history of where you work (have worked) including address, job title and income
Income – how are you paid?
• Hourly
• Salary
• Do you earn overtime or bonuses?
• 100% commission
• Self employed
• Permanent pension income
Where do you live now ? I need 3 years history of where you live (lived). Do you rent? Or Clean?
Do you own your current property? I need residence details as well as current mortgage holder information.
Debts – What are your current debts/liabilities. Your own debts plus any you may have co-signed
• Credit card
• Bank loan, car loan or leasing.
• Alimony or child support obligations
• Any bankruptcy history
• Any legal action in which you are involved
• History of seizures
Citizenship status – there are a variety of loan programs depending on whether you are new to Canada, permanent resident, non-permanent resident, US non-permanent resident
Assets
• Present value of RRSPs
• Stocks and bonds, mutual funds
• Tax-free savings
• Savings
• Value of automobiles you own
• Value of other major assets (large boat)
• Value of other properties you own
Down payment – What is the source of your down payment and closing costs. How much will you deposit?
• Will you provide it from your own savings?
• RRSP
• Do you receive a gift from a member of your immediate family?
• Borrow it from your line of credit?
Paperwork
For our first meeting, it is ideal if you have your last two years of tax returns and/or notice of assessment and a current pay stub. By making sure we accurately establish your gross income, you’ll avoid stress and frustration when you find the home you want to buy.
The reality is that to do my best for you as a mortgage planner, to ensure that you are approved and that I get you the best mortgage terms, conditions and rates available, I need to KNOW YOU. Once I know you and your needs, goals, and financial situation, I am in a better position to help you achieve your goal of owning and investing in a home. I will advise you on your options and the best mortgage rates, terms and conditions available to you.
If you are not quite qualified today, I will use the information you shared to create an action plan so that you can achieve your goal in the near future.
Video about How Many Years Of Tax Returns Are Required For Citizenship
You can see more content about How Many Years Of Tax Returns Are Required For Citizenship on our youtube channel: Click Here
Question about How Many Years Of Tax Returns Are Required For Citizenship
If you have any questions about How Many Years Of Tax Returns Are Required For Citizenship, please let us know, all your questions or suggestions will help us improve in the following articles!
The article How Many Years Of Tax Returns Are Required For Citizenship was compiled by me and my team from many sources. If you find the article How Many Years Of Tax Returns Are Required For Citizenship helpful to you, please support the team Like or Share!
Rate Articles How Many Years Of Tax Returns Are Required For Citizenship
Rate: 4-5 stars
Ratings: 5861
Views: 58363045
Search keywords How Many Years Of Tax Returns Are Required For Citizenship
How Many Years Of Tax Returns Are Required For Citizenship
way How Many Years Of Tax Returns Are Required For Citizenship
tutorial How Many Years Of Tax Returns Are Required For Citizenship
How Many Years Of Tax Returns Are Required For Citizenship free
#Applying #Mortgage #Loan
Source: https://ezinearticles.com/?Applying-for-a-Mortgage-Loan—What-Do-I-Need-to-Know?&id=5280123
