PRE-APPROVAL APPLICATION

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Martha Ferguson
8 years ago
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1 Our interest in your mortgage will save you money! PRE-APPROVAL APPLICATION Please fill in and sign the attached application as accurately as possible, and either scan or fax it back to the contact information below. Submitting an application does not bind or obligate you in any way. Any questions or additional information you may have can be addressed personally when your mortgage planner contacts you with an initial response on your best financing options. F1RST CHO1CE Financial Group 4263 Sherwoodtowne Blvd, Suite 100, Mississauga, ON, L4Z 1Y5 Phone: Fax: Website: Mortgages provided through Verico The Mortgage Practice Inc. FSCO Brokerage # Mortgage Agent # M Page 1 of 5

Submitting an application does not bind or obligate you in any way.

2 APPLICANT INFORMATION First Name: Last Name: Marital Status: Dependents: Home#: Cell#: Gender: Date of Birth: SIN#: Current Address: Previous Address: ( if less than 3 years) EMPLOYMENT INFORMATION Current Employer: Length of Employment: Work Phone#: Fax#: Position: Hourly Salary Commission Self Emp Annual Income: Previous Employer, Position & Salary: (if less than 3 yrs) Length of Employment: CO-APPLICANT INFORMATION First Name: Last Name: Marital Status: Dependents: Home#: Cell# Gender: Date of Birth: SIN#: Current Address: (if different than above) Previous Address: ( if less than 3 years) CO-APPLICANT EMPLOYMENT INFORMATION Current Employer: Length of Employment: Work Phone#: Fax#: Position: Hourly Salary Commission Self Emp Annual Income: Previous Employer, Position & Salary: (if less than 3 yrs) CURRENT MORTGAGE & PROPERTY INFORMATION Length of Employment: Page 2 of 5

Employment: CO-APPLICANT INFORMATION First Name: Last Name: Marital Status: Dependents: Home#: Cell# Gender: Date of Birth: SIN#: E-Mail: Current Address: (if different than above) Previous Address:

3 Current Mortgage Lender: Renewal Date: Mortgage Rate: Mortgage Type: Fixed Variable Mortgage Payment: Payment Frequency: Original Purchase Price: Original Purchase Date: Balance Owing: Is Mortgage Insured: Yes No CHMC Insurance # Genworth Insurance # Annual Property Taxes: Are Taxes Included in Mortgage Payment? Yes No Original Mortgage Amount: Yes Current Mortgage Closing Date: NEW MORTGAGE & PROPERTY INFORMATION Purpose of Loan: Pre-Approval Home Purchase Transfer Refinance Rental Property New Home Purchase Price: Total Down Payment: Down Payment Source: Amount of Funds Required: New Property Closing Date: Property Address: (please attach MLS Listing & Purchase Agreement with waivers) Annual Property Taxes: ASSETS VALUE Value of Current Home: Value of Second Property: Cash Savings: Automobile #1: Automobile #2: Stocks, Bonds, Mutual Funds: RRSP s: Deposit on New Home Purchase: Other Assets: TOTAL ASSETS = $ LIABILITIES DESCRIPTION BALANCE MONTHLY PAYMENT Mortgage #1: Mortgage #2: Automobile Loan: Automobile Loan: Credit Card #1: Credit Card #2: Credit Card #3: Credit Card #4: Other Liabilities or Loans: TOTAL LIABILITIES = TOTAL ASSETS TOTAL LIABILITIES = NET WORTH $ GENERAL INFORMATION TOTAL ASSETS Page 3 of 5

Yes No Original Mortgage Amount: Yes Current Mortgage Closing Date: NEW MORTGAGE & PROPERTY INFORMATION Purpose of Loan: Pre-Approval Home Purchase Transfer Refinance Rental Property New Home

4 Are there any suits or judgments against you or pending against you? YES NO Have you ever gone through bankruptcy? YES NO Are any of your assets pledged or in any other manner unavailable for payment of your YES NO debts? Are any of your assets presently involved in a marriage or separation agreement? YES NO Are you the endorser or guarantor of anyone else s debt? YES NO Are you the endorser or guarantor of any leases or contracts? YES NO Did you sign up for the mortgage life insurance offered through your bank or lender? YES NO Have you had your life insurance policies reviewed in the last 2 years? YES NO Do you own any personally owned life insurance policies? YES NO Is your existing insurance protection enough to cover your new debts and obligations? YES NO Do you have critical illness insurance in place to protect your assets if you become ill? YES NO Details of existing insurance policies: (term or permanent, year issued, amount of coverage, monthly premium, smoking status, etc.) AUTHORIZATION & CONSENT I/we warrant and confirm that the information given in the mortgage application from is true and correct and I/we understand that it is being used to determine my/our credit responsibility and to evaluate and respond to my/our request for mortgage financing. You are authorized to obtain any information you may require for these purposes from other sources (including, for example, credit bureau) and each source is hereby authorized to provide you with such information. I/we also understand, acknowledge and agree that the information given in the mortgage application form as well as other information you obtain in relation to my credit history may be disclosed to potential mortgage lenders, mortgage insurers, other service providers, organizations providing technological or other support services required in relation to this application and any other parties with whom I/we propose to have a financial relationship. I/we further acknowledge and agree that each potential mortgage lender, mortgage insurer or service provider to whom you provide the mortgage application and/or my/our personal information is permitted to receive such application and information and maintain records relating to me/us and my/our mortgage application and to hold, use, communicate and disclose personal information about me/us, including my/our Social Insurance Number (SIN) if I/we provide it, and collect personal information from me/us, you and from third persons, including credit bureau, creditors and tenants, my/our spouse or any other person who has information about me/us for the purpose of recording, evaluating and responding to my/our application for mortgage financing or related activities and I/we specifically consent to the release and disclosure of personal information by such persons to and among you and each potential mortgage lender, mortgage insurer or other service provider. Signature of Applicant: Signature of Co-Applicant: Date: Date Page 4 of 5

YES NO Are you the endorser or guarantor of anyone else s debt? YES NO Are you the endorser or guarantor of any leases or contracts?

5 *In addition to your signed credit application, the following documents will also be required: Income confirmation for all applicants: (*REQUIRED FOR IMMEDIATE PROCESSING) - Employment Letter confirming length of employment, position, salary or hourly wage, along with current pay stub and either your last 2 years NOA s or last 2 years T4 slips. - 2 years Company Financial Statements & recent Tax Return ( if incorporated company) * Down payment confirmation: - Documentation required as to source of down payment - last 3 months bank statements if from bank account, current investment statements (i.e. RRSP, GIC s, etc), Purchase agreement if coming from the sale of existing property, etc. Copy of the Purchase and Sale Agreement with MLS listing for NEW property: Copy of the Purchase and Sale Agreement with MLS listing for OLD property: Existing Mortgage Statement (if existing mortgage exists) I.D Verification: - Copy of your driver s license or two pieces of other photo identification: (No health card and both sides of older blue drivers license) Lawyers contact information Other : - is there something special we should know about your mortgage needs or financial goals so that we can better prepare for your mortgage consultation? Page 5 of 5

- 2 years Company Financial Statements & recent Tax Return ( if incorporated company) * Down payment confirmation: - Documentation required as to source of down payment - last 3 months bank

Application Form. Personal Information. Full Name. Full Address. Residential Status Own / Rent Time at Residence. Email.

Application Form. Personal Information. Full Name. Full Address. Residential Status Own / Rent Time at Residence. Email. Application Form Personal Information Full Name Full Address Residential Status Own / Rent Time at Residence Work Phone Home Phone Cell Phone Fax Number Email Marital Status Date of Birth # of Children