Do You Have a Real Estate Related Question? We Will Email You an Answer Quickly. As top Ottawa, Kanata and Stittsville real estate experts, it's our job to help! Please take advantage of our experience and knowledge. Ask us anything about: - Any particular home that is or was on the market. - Neighborhoods and local market trends. - Local demographics and the economy. - Tricks and traps when buying real estate in this area. - Special tax considerations regarding real estate. - Specific questions about contracts, escrow, and closings. - Anything real estate! It's our job to know EVERYTHING about real estate! Ask us anything. There are no dumb questions! It's FREE, and we promise to get back to you quickly... 
 |
Financing Your Home >Mortgage Fears
It is not unusual for home buyers to feel that the lender is being very critical during the loan approval process. The buyer is required to provide all kinds of financial information, and then the lender asks for more. If this is your experience, and the process seems discouraging, remember that none of this is personal!
Some lenders have more stringent requirements than others, but every lender requires a substantial amount of documentation on a mortgage loan. They must verify employment, credit history, and recent financial transactions involving your liquid assets. If your Visa payment was late, they may ask for a letter explaining why. If you are self-employed, they will ask for tax returns from at least three years and probably a year-to-date profit and loss statement.
Government regulations require mortgage companies to document everything. And while the loan officer may know that you are a reliable risk, the underwriters must be able to defend the loan to a federal bank examiner or auditor.
|
|
| Q |
What home is the best example of colonial architecture in homes designed to "grow" as the family grew?
|
| A |
The House of the Seven Gables in Salem, MA, that was the model for Nathaniel Hawthorne's novel of the same name. |
 See More Real Estate Trivia > |
|
|
Mike Robinson
Sales Representative
Royal LePage Team Realty
484 Hazeldean Road
Kanata, ON. K2L 1V4
Phone: 613-592-6400
Fax: 613-592-4945
Email: Mike@MikeRobinson.ca
The Mike Robinson Team offers extensive knowledge and experience of the Ottawa real estate market. It is their objective to help clients make decisions that are in their best interest while supporting the clients real estate dreams and goals. This business model has created a “client for life” atmosphere with over 65% of their business coming from repeat clients or referrals from past Buyers and Sellers.
Call on our team today and start packing!   
mikerobinson.NUMBER1EXPERT.com is brought to you by
The Mike Robinson Team
NUMBER1EXPERT™ in real estate for
Ottawa, Kanata and Stittsville, Ontario Read The Mike Robinson Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
