General Description of who we are and services we offer Use Our Gold Service Quotation Handy Forms and Links REALTORS WANTED! Receive referrals and assist our Clients with their transactions! Contact Us default page site map
Buyers` Legal Basics First-Time Buyers Newly Built Homes Mortgage Basics Condominium Buyers Sellers' Legal Basics
Use Our Gold Service Quotation
Land Transfer Tax Calculator
Free Parking
Free Status Review
Free Agreement Review
Free Power of Attorney
Free Will Review
Electronic Registrations
Automatic Title Insurance
Evening & Weekend

  Family Law
  Business Law

Other Legal Services

Mortgages & Pre-approval


It is your responsibility as the buyer to ensure that you have enough money to complete a purchase transaction.  Most buyers will arrange to borrow money by way of a mortgage to help them finance the purchase of their home.  If you are arranging a mortgage, we recommend that you obtain a written pre-approval from a lender even before you start looking for a home.  A written pre-approval will tell you how much money the financial institution will lend you, at what rate, for what term, etc.  This will help you determine how much of a home you can afford.  Whether or not you have obtained a pre-approval, we strongly recommend that your offer to purchase be conditional for a short period on you being able to obtain written confirmation of sufficient and satisfactory financing from a financial institution

Lender Details Needed

After you have applied for your mortgage, your lender will require further information from you.  The lender’s requirements will vary between institutions.  Your lender may require any one or more of the following from you:

  1. Proof of income, income tax returns, pay stubs, etc.
  2. Proof of employment at a specific location for a minimum time period.
  3. Proof that your expenses and debts are as listed in your application.
  4. Proof that your down payment will not be from money that you borrowed.
  5. The name, address, and telephone numbers of your lawyer.

Review With Lawyer

Your lender will usually forward mortgage documentation directly to your lawyer, who will complete the documents and explain them to you before you sign.  Be sure to review the written commitment from your lender with your lawyer to verify that the terms and conditions are the same as explained to you by your lender or mortgage broker.


next | print article

| February 23, 2004 |
CMHC Makes Finding Down Payments Much Easier
As of March 1, 2004, home buyers will have a wider choice in what they can use for a down payment. [more...]

| February 1, 2004 | Moves to Larger Offices
As of February 1, 2004, has moved to new and larger offices to meet the growing needs of our clients. [more...]

| November 15, 2003 |
Housing Starts Up Again
The seasonally adjusted rate of housing starts rose in October 2003 to the second highest monthly level in 12 years, as reported by the Canada Mortgage and Housing Corporation (“CMHC”). [more...]

| read our archive |

keep you up to date
about our new articles, events, special offers and discounts. Subscribe now!



    Profile | Free Quote | Handy Forms & Links | For Relators | Contact Us    
Buyers' Legal Basics | First-time Buyers | Newly Built Houses | Mortgage Basics | Condominium Buyers | Sellers' Legal Basics

© 2014
a division of DoAble Solutions Inc. and an affiliate of Zeidman Law Offices
By viewing pages on this site, you agree to our terms of use