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MORTGAGE SOLUTIONS
What questions will the bank ask me?
Questions
the Bank Will Ask You:
- Where are you employed?
- How long have you worked there?
- What is your total gross family income? (before deductions)
- What is your date of birth?
- Do you currently own or rent the place where you live?
- What is the monthly amount of rent or mortgage you are now paying?
- What is the current market value of your home (if you are a homeowner)
or is this your First Home?
- What outstanding loans do you have, if any?
- What are your assets - car, home, investments - and their value?
- What are your monthly liabilities (include regular bills and payments
such as vehicle leases and loans)?
- What is the source and amount of your down payment? (if applicable)
Questions You Should Ask Us:
- How long will it take to get my application approved?
- What is the maximum mortgage I can afford and what is the monthly
payment?
- How does the mortgage process work from application to approval,
to advancing the money right up until I move into my home.
- How can I increase or decrease the amount I have to pay each month?
- What is the interest rate?
- Can I repay early without penalty?
- How will different amortizations affect the total interest I pay?
- What's the most efficient way for me to make my mortgage payments?
- What benefit do I receive with life and disability insurance on
my mortgage?
- What is the monthly cost of mortgage life and disability
insurance for me and my co-applicant (if applicable)?
For more information on ATB Financial's mortgage solutions, visit any
branch of ATB Financial, or call us today at 1-877-424-4045 (toll
free). For the branch hours and address of the ATB Financial location nearest you, please use the Branch
Locator.
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