Mortgage Preapproval Form
Mortgage Preapproval Form
Mortgage Preapproval Form
Financial Information:
Assets Financial Amount $ Liabilities Total Monthly Payment
(what you have) Institution (What you owe) Amount
Cash in Bank ($) TD 92,484.12 Bank Loans ($) 0 0
RRSP ($) Questrade 1,000 Credit Cards ($) 0 0
Other (TFSA) ($) Questrade 18,611.57 Car loan/lease 0 0
Other (FHSA) TD 8,000
Other (GIC) TD 4,186
Properties you have:
Property Address Rental / Market Mortgage Monthly Lender Property Condo fee Rental income
Owner tax (monthly) (monthly)
Value amount Payment
Occupied (annual)
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Requested Mortgage:
Purchase Price Rate type (Fixed/Variable) Closing Date
Down Payment Interest Rate Amort. (Years)
Mortgage Amt ($) Term (Years) Payment Frequency
Source of Down Payments: (a) own savings; (b) gift; (c) own savings and gift; (d) sale of an existing property
(1) Valueland’s relationship with me/us the Applicants: Valueland Mortgages or its broker/agent/associates/sub-broker is acting as
an intermediary between the applicant(s) and the lender(s) who have authorized Valueland to offer their mortgage products to
borrowers. Valueland offers many mortgage products from multiple lenders.
(2) Broker/Brokerage Compensation: Valueland Mortgages is primarily compensated by way of commission/income or fee paid
by mortgage lenders. The brokerage may also receive other non-monetary benefits from lenders. In cases of a fee to be paid
by the borrower/applicant(s), a fee disclosure shall be given to me/us prior to my/our commitment of the mortgage.
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 in relation 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 bureaux, credit reporting and collection agencies, financial institutions,
my/our past and present employers, creditors and landlords, my/our spouse or any other person who has information about me/us
for the purposes 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. I/we authorize the application through electronic
transmission.
☐ By checking this box, I/we authorize Valueland Mortgages and its agents/brokers to send electronic communications through
email addresses I/we have provided. I/we have the right to withdraw the consent at any given time.
Feb 7, 2024
Applicant Signature: _______________ Co-Applicant Signature: _______________ Date: _____________
Documents Required: 1) One recent pay stub and letter of employment for each applicant; 2) Copy of Photo ID (e.g.,
Driver’s License).
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Included:
- Pay stub from previous internship
- Offer letter of full time employment starting May 2024
- Driver’s License