Spruce Grove Mortgage Broker: Krista Rumberg
 (780) 946-6222   ·    Email

Categories > Organization

What Documents Do You Need To Apply For A Mortgage?

Home buying is exciting, but also can be a lot of work. There are a lot of factors in play when thinking about purchasing a home, from location, how many bedrooms, finding a realtor, mortgage broker and lawyer.

Within all of this there is some documents and information needed as well. In order to apply for a mortgage we need to be able to figure out your income and your down payment.It can sometimes seem like a lot so here are a couple of tips for organizing:

  • Set up a place where you can have all the documents go. This could be an accordion file folder labelled with each item or simply a inbox on your desk where it gets placed and ready to go.
  • For any letters you need, ask employers/family for them now, as sometimes they need a bit more than a days notice to pull together a letter.
  • Print off our Mortgage documents checklist and keep it with your paperwork, checking off items as you have them.

With this check list you can now begin to pull together all of your documents and start the four steps to getting a new mortgage below.

Step 1: Apply

You can start the application process with me online even, by visiting this link. Or you can give me a call (780) 946-6222 or sending me an email Krista@mortgagesimple.ca

Step 2: Processing

I will then be in touch to review your application and discuss your specific needs before getting you approved for your mortgage financing.

Step 3: Acceptance

When your loan is approved, I will send you your approval and a list of required documents. The checklist above is a great start ahead of time. The approval must be signed and returned along with any other required documents.

Step 4: Funding

Once your loan is complete you will need to meet with your lawyer to finalize and register your loan.

From there, find and move into your new home and enjoy the fruit of your hard work!

Spruce Grove MortgageAxiom Mortgage Edmonton

 

 

5 Tips for an Easier and Smarter Property Division | Divorce Information

Property division is a difficult part of any divorce or separation, but it doesn’t have to be. Here are a few tips to help you get what you need, and be able to walk away with an amicable relationship and long-term financial plan.

1. Ask for Help
Without the right representation and counsel, property division can become and an extremely convoluted and heated part of any divorce or separation. However, with the right people at your side, you can have someone in your corner who can look out for your needs and wants. The right people,  can create a plan that works for you, and helps you look towards the future.

2. Learn the Law
While separation is a long and complicated process that requires professional involvement, it is important that you familiarize yourself with the pertinent laws. Property division is different in every province, so be sure to look up laws and proceedings specific to your location.

3. Think About the Value
Sentimentality is an important part of our lives. It can connect us to memories, to the past, and even helps us to live in the present; but it can also be detrimental to the property division process. Most arguments and confrontations during the separation process focus on property, including everything from pets to real estate. When you are going through this process, be sure to consider the value of things very carefully and objectively. Some things will be extremely important, but others, if you take the time to really consider them, will likely not be as important as you once thought.

4. Be Honest
First things first: hidden money and assets get found. It is a simple fact of most divorces and property divisions that many people to hide assets, and almost all fail. The best defence in the case of financial assessment is being open and honest. It may result in less money, but it eliminates the chance of assets being found, and the subsequent bad blood and legal issues.

5. Think of the Long-term
Sure, there are things that you may want now, but divorce and separations are also about you starting a new chapter in your life. If given the choice between something good now and something even better in the future, take the latter. It may require some patience and maybe even some lean living right now, but it will be better for you in the long run if you make smart, long-term, focused decisions that secure your financial future.

For more divorce information and spousal buyout support, contact Krista now.

Storage Tips for Spring Cleaning | Home Tips

When winter finally decides to release its grip on the world, there are a lot of things that you suddenly find yourself able to do. Many people choose to use their newfound spring freedom to clean, tidy and reorganize their home. Because spring cleaning is more than just a light tidy-up, many people use it as a reason to clean and reorganize parts of their home that don’t see daily use, like storage closets and garage shelves. Tidy, organized storage is an important part of a clean, clutter-free home, so it’s important to keep on top of your storage spaces. Here are some ways to do that:

Appropriate Containers
Stored items are usually things you don’t use very often, but plan to use at some point. It’s important to store your things in containers that will protect them from damage, accidents, weather, rodents and moisture. While some things are safe enough in cardboard boxes, especially fragile items whose boxes include Styrofoam padding, other things such as clothing should be kept in waterproof plastic containers. Small, loose items are best stored in a container with drawers or other small compartments for easy organization.

Accessibility
When you’re planning how best to use your storage spaces, keep in mind which items you will be using the most often and keep them accessible. Sentimental items that you won’t want to access very often can be kept in the back of your storage closet. Things that you will want to find on a regular basis, like camping gear or holiday decorations, should be kept where they will be easy to find without making a mess of your closet.

Clear Labeling
There are few things more frustrating than looking for an object that you know is in “one of these boxes”, but not remembering which one of a dozen identical containers it’s kept in. This is why storage should always be clearly labeled. Some storage boxes come with built in labels. Others need to be labeled with pens and tape, or with permanent markers. Try to make your storage labeling as specific as possible. For instance, rather than simply writing “books” on a box, add some clues as to which books they are, such as “reference books” or “novels, authors A-D”. It takes a bit of extra time, but it will save you a lot of time and mess when you go on the hunt for a particular item.

Take Stock
Finally, make sure that you are taking regular stock of your storage spaces. Every spring cleaning, take an honest look at what you’re storing and get rid of things that truly don’t need to be there. Check for damaged boxes and make any repairs and replacements necessary to keep things in good condition. Do this every year for a tidy, efficient home!

Follow my mortgage and home blog for more tips like these! 

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