Tanja van de Kamp Real Estate Calgary

Get the V Team Edge When Buying or Selling Calgary Real Estate

Tanja van de Kamp & Ariette van Pelt
(403) 978-5267 | (403) 630-5190
Contact Us
  • Home
  • Buy a Home in Calgary
    • Search All Homes
      • Request an MLS search
      • Search by Address
      • Search by Google Maps
      • Search by MLS Number
      • Search by Detail
    • SW Calgary Homes
      • See All SW Communities
      • Altadore
      • Garrison Woods
      • Glenbrook
      • Downtown Calgary
      • Killarney-Glengarry
      • Sunalta
      • South Calgary
      • Signal Hill
      • Springbank Hill
    • NW Calgary Homes
      • See All NW Communities
      • Arbour Lake
      • Briar Hill
      • Edgemont
      • Hawkwood
      • Panorama Hills
      • Sunnyside
      • West Hillhurst
    • SE Calgary Homes
      • See All SE Communities
      • Chaparral
      • Cranston
      • Douglasdale
      • Lake Bonavista
      • New Brighton
    • NE Calgary Homes
      • See All NE Communities
      • Inglewood
      • Harvest Hills
      • Martindale
      • Rundle
      • Saddle Ridge
      • Taradale
    • Listings By Property Type
      • Homes
      • Condos
      • Vacant Lots
      • Rural and Land
    • Featured Listings
    • MLS Listed Last 7 Days
    • New Homes for Sale
    • Lake Communities
    • Handyman Specials
    • Buying Tips
    • Member Login
  • Sell your home in Calgary
    • Sold data by community
    • Free Home Evaluation
    • Sell your home in Calgary
    • Selling Tips
  • Tanja and Ariette
    • Tanja and Ariette
    • Contact Us
    • Testimonials
    • Stroopwafel Fundraiser
    • Join Real Estate Team Calgary
    • Our Privacy Policy
  • Resources
    • Member Login
    • Open Houses in Calgary
      • City Centre Open Houses
      • East Open Houses
      • North Open Houses
      • North East Open Houses
      • North West Open Houses
      • South Open Houses
      • South East Open Houses
      • West Open Houses
    • Calgary Communities
    • What Do Homes Sell For In Calgary
    • What Do Condos Sell For In Calgary
    • Calgary Real Estate Statistics
    • Live statistics Calgary Real Estate
    • Mortgage Calculator
    • Real Estate Articles
    • Green Real Estate
      • Our Green Philosophy
      • Your Green Philosophy
      • Buying Green
      • Selling Green
  • Blog
  • Login
Home » Questions a mortgage lender will ask

Questions a mortgage lender will ask

May 21, 2013 By Ariette

Can you qualify for a mortgage?

Can you qualify for a mortgage?

Talking to a mortgage agent or your bank should be the first step when you are thinking of buying a home. Every day we come across situations where people can get a mortgage while they thought they would not qualify. And every day we come across those where people cannot get as much money as they thought they would get. The last situation can be especially frustrating. Home buyers have certain expectations. They spend time searching for a home. And when they find the perfect home they don’t expect that they cannot borrow the required funds.

Always talk to a bank or mortgage broker and get pre-approved, so you know the available price range of a home for you.

Always talk to a bank or mortgage broker and get pre-approved

Here are questions that the mortgage lender may ask:

  • What is your yearly income? What is your total gross family income? You will have to show proof of a number of things, such as your pay stubs from your employer.
  • How long have you worked at your current job? Lenders require a minimum time at the same employer.
  • Do you currently own a home or rent?
  • If you own, what is the current value of your home?
  • How much equity do you have in your home?
  • What outstanding loans do you have?
  • Do you own other assets; car, investments, savings?
  • What are your monthly liabilities, including regular bills and payments?
  • What is your credit rating? This credit rating will be ‘pulled’ by the lender.

If you are self employed or a newcomer to Canada

If you are self-employed you still can qualify for a mortgage. In this case, in general, lenders will ask for the last 3 years of your Notices of Assessment from Revue Canada.

If you are new to Canada, you still may qualify for a mortgage. Of course, having a job will be the biggest requirement. Most newcomers do not have a good credit rating built yet, so this group needs to show accountability differently. Some lenders are willing to look at your history with your landlord, your phone and cable bills. Also a large down payment will help to secure a mortgage. We work a lot with two mortgage brokers who help immigrants get a mortgage. Contact us at 403 630 5190 for more information.

Are you new to Canada? Read our post with helpful links about buying a home in Canada as a newcomer. Know that coffee is on us, while we tell you all about the process of buying. No obligations!

Filed Under: Articles, Buying

Search Calgary MLS

Tools

  • Sold prices in Calgary
  • open houses in Calgary
  • Search Calgary Homes MLS Advanced
  • First Time Home Buyers

Give us a call

(403) 978-5267 | (403) 630-5190

Real Estate Professionals

202, 5403 Crowchild Trail NW


Real Estate On-The-Go

 

Send us a Message

   

Your Name (required)

Your Email (required)

Your Telephone (required)

Do you have a Realtor?
YesNo

Your Message

Free Market Report

Get answers to your real estate questions:
What are homes in my area selling for?
How do selling prices compare to list prices?
How many days are homes on the market in my area?

Request a Market Report

Testimonials

Narendra

Posted: October 14, 2015

Tanja, working with you was a wonderful experience. You were always polite courteous, sincere and most of all very patient and you guided us throughout the process in obtaining this great condo. Most of all you accompanied us during our meeting with condo document inspector which showed us you take personal interest and it enhanced… [Read More]

0 comments

Read More Testimonials

Real Estate Professionals

Copyright © 2019 · Tanja van de Kamp & Ariette van Pelt · All Rights Reserved
Real Estate Professionals Inc. · 202, 5403 Crowchild Trail NW
Powered by the MLS · Privacy Policy