U.S. Mortgages
Documents for a Canadian Snowbird Loan
If you’re planning to winter south of the border and are considering a Canadian Snowbird Loan, having the right documentation is crucial for a smooth application process. Preparing these essential documents in advance can help expedite your loan approval and ensure you meet the lender’s requirements. Below is a comprehensive list of the key documents you’ll typically need:
⭐ Valid Passport: A current, valid passport is required (Canadian or another recognized nationality).
⭐ Proof of Current Address: Documentation that confirms your current residence, such as utility bills or lease agreements.
⭐ Income Documentation: Detailed records of your income, which may include recent pay stubs, tax returns, or employment letters.
⭐ Bank Statements and Reference Letters: Recent bank statements along with reference letters from your financial institution to verify your banking history.
⭐ Income Verification Letter: A formal letter from your employer or financial advisor confirming your income details.
⭐ Bank Statement for Down Payment Source: A separate bank statement showing the funds available for your down payment.
⭐ Proof of Reserves: Evidence of 6 to 12 months of reserves to demonstrate that you can continue making payments, such as additional bank statements or investment account summaries.
Our team can explore your options and can get you the money you need tax free. We have offices in Florida and Ontario, 10 convenient locations to serve our clients. Alternatively, a mobile specialist can come to you.
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