Mortgage Request Documentation Checklist

When buying a new home, some documentation is needed to support your mortgage request.  By providing your mortgage specialist with the documents that are indicated on the list below, you can work together to finalize your mortgage needs efficiently.

Information that describes the property you are buying:

• Purchase and Sale Agreement
• MLS Listing with photo
• Name, address, telephone number of your solicitor / notary

Confirmation of your down payment:

• Savings or investment statement from within last 90 days
• Sale of an existing property – a copy of the sale agreement
• Gift letter
• Withdrawal from RRSP through Home Buyer’s Plan

Employment verification:

• Copy of latest T4 slip
• T4
• Letter of employment
• T1 General and Notice of Assessment (NOA if self-employed)

Other information that may be required:

As part of your application process, your mortgage broker will ask you questions relating to what you owe and own, what some of the projected expenses relating to the property are, such as taxes, heating costs and condo fees, and whether you will be using the property to generate income.

http://www.century21.ca/Blog/Mortgage_Request_Documentation_Checklist

Angela Slager is with CENTURY 21 Heritage House Ltd. in Woodstock, ON.

 

Four Ways to Make Your House Irresistible to Buyers

Increase curb appeal to turn your home into buyer-bait

By FrontDoor.com | Published: 11/01/2007

 

 

 

So what is curb appeal? It's that quality in a house that gives a potential buyer a love-at-first-sight sensation when they drive up. Simply put, it's giving your house a pretty face. Studies show spending 5 percent of your home's value in landscaping could produce a return of 150 percent or more when you sell the place.

Here are four ways to turn up your home's sex appeal without emptying your bank account:

1. Come up with a concept for your landscape.
Have a plan, so everything you do to the yard and your home's exterior is deliberate. Hiring a landscape designer to draw up a plan is a good place to start. You can also hire designers to give you ideas on exterior paint colors and remodeling tips for the entryway. 

2. Focus on the front door. 
Make sure people know where your front door and create a welcoming entrance that guides people to the home's entry. You can do this by creating paths, patios or beds of plants that shape the house's face. Or it can be as simple as painting your door a bright color and putting out a big welcome mat. The point is to make people feel as if they are arriving somewhere special, not just stepping up on a bland stoop.

3. Deal with the driveway. 
In most new homes the driveway is the first thing you see -- which is good if you're a car, not a human. You need to downplay the driveway, or distract a potential buyer's eyes away from all that concrete. You can do this by creating a path to the front door that leads eyes away from the driveway to the house's face. Or you can stain the ugly gray concrete to make it look like stone or paint it with a pigmented sealer. 

4. Pay attention to details. 
Little things mean a lot in the big picture because they pull the house's look together. Things like small, colorful ceramic tiles placed into brick steps to carry through a color scheme. Edging the lawn. Large planters. Finally, don't forget to tidy up. Curb appeal also means a place that looks neat and clean, the kind of place you'd like to live.

 

 

http://www.frontdoor.com/Sell/Four-Ways-to-Make-Your-House-Irresistible-to-Buyers/578