theital. • 4y ago. Talk to a mortgage advisor at a bank or brokerage and get a pre approval. They will ask for employment history, Reddit·r/PersonalFinanceCanada Your complete guide: 8 steps to purchasing a house
: A score above 620–640 is typically required for most loans, though higher scores (740+) earn the best interest rates. things needed to buy a house
You need enough cash on hand to cover immediate costs and reserves to satisfy lenders. theital
: At least 30 days of pay stubs and W-2 forms from the last two years. : A deposit (typically 1–3% of the price)
: A deposit (typically 1–3% of the price) paid when you make an offer to show you are a serious buyer.
You must prove your financial health with the following paperwork:
Buying a home requires a combination of liquid assets for upfront costs, verified financial history to secure a loan, and a team of professionals to navigate the legal process.