: 30 to 60 days of transaction history for all checking, savings, and investment accounts. Identification : A valid driver's license or passport. Things needed to buy a house? : r/PersonalFinanceCanada
: Lenders often want to see that you have several months of living expenses saved beyond your down payment to handle unexpected repairs or job loss. 2. Loan Qualification Requirements things needed to buy a house
You must prove your financial health with the following paperwork: : 30 to 60 days of transaction history
: Your total monthly debt payments (including the new mortgage) should generally not exceed 36–43% of your gross monthly income. and Collateral—to evaluate your eligibility.
You need enough cash on hand to cover immediate costs and reserves to satisfy lenders.
Lenders use "The 4 C’s"—Capacity, Capital, Credit, and Collateral—to evaluate your eligibility.