3 Things You Need For Your First Meeting With Your Mortgage Broker Markham

Mortgage brokers in Markham can provide multiple options to you for your mortgage needs. Mortgage brokers in Markham provide refinancing, renewal and home mortgage services. Markham brokers also provide ways to invest in property. A client may have lots of questions to ask during the first meeting with a mortgage broker. There are a few things that mortgage brokers in Markham require you to bring to the first meeting to speed up the process of acquiring a mortgage. They are:

1. Information about you.

The Markham broker will want to get to know you and hence it is advisable to be ready to answer a lot of questions and be ready with identification proof and your social insurance number.

2. A report of your income statements.

Mortgage brokers in Markham require you to bring documentation relating to your income so they can ascertain whether or not you have enough income to repay the loan you take and also determine the limit for your loan. They also require a letter of employment stating your current salary and position accompanied with the date of joining. All these documents help determine your eligibility for the loan.

3. Details about your source of funds for the down payment and the property to be purchased.

The mortgage broker in Markham will require you to provide a statement about how you plan on making the down payment for the home you have selected. If there are any funds which you have received as gifts, you will need to show proper documentation of the same. You also need to provide details about the property you want to purchase so that the mortgage broker in Markham can determine whether you will be able to afford the property or if you are reaching far beyond your means and help you make the decision correctly.