MORTGAGE REQUIREMENTS & APPLICATION PROCESS

MORTGAGE APPLICATION PROCESS

1. 
Complete Financial Assessment

2.
Ambassador responds within 48 hours

3.
Submit ALL required supporting documents

4.
Application completed by Credit Officer

5. 
Verification & Technical Assessment

6.
Decision in 10 – 14 working days

MORTGAGE APPROVAL REQUIREMENTS

1. VERIFICATION OF IDENTITY

VALID PASSPORT AND ANOTHER GOVERNMENT ISSUED e.g., NIB CAARD, DRIVER’S LICE

2.
PROOF OF ADDREES

UTILITY BILL, BANK STATEMENT, ETC.

3.
CONTACT INFORMATION

TELEPHONE NUMBER AND EMAIL ADDRESS

4. 
EMPLOYMENT VERIFICATION

EMPLOYMENT LETTER AND PAY SLIP (IF AVAILABLE)

5.
CURRENT DEBT VERIFICATION

EG. PRINT OUT OF LOANS, BANK CREDIT REFERENCE

6.
DOWN PAYMENT

MINIMUM 5% OF THE PURCHACE PRICE

7.
CLOSING COSTS

ADMINISTRATION FEES, LEGAL FEES, HOMEOWNER’S INSURANCE FEE

8.
LIFE INSURANCE

FOR THE FULL AMOUNT OF THE MORTGAGE

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