Conventional Mortgage

Your down payment must be 25% or more of the price of home. Taiwanese Credit Union can lend up to $548,497 per Residential Mortgage.

Terms:

• Close: 6 months ~ 5 years

Interest Rate Options: Fixed rate

Repayment Options: Weekly, bi-weekly & Monthly

Mortgage application document

Information that describes the property you are buying:

• Agreement of Purchase or Sale
• Closing Date
• MLS listing with photo-Market value
• Appraisal Value (If necessary, LTV > 75%)

Employment & Income Verification

• Copy of latest salary pay slip/employment letter
• Notice of Assessment for 1 year (Self-Employed for 3 Years)
• T4 Statement of Remuneration Paid / T1 General

Other information

• Proof of Down Payment
• Utility cost (or Condo fee)
• Other loans e.g., Car loans, student loans…
• Other Assets e.g., RRSP GIC TFSA Stock or Bond…statements or certificate
• Rental Agreement (If applicable)
• Name, address, email for fax number of members’ appointed solicitor/notary
• Credit Score Report (TCTCU Request from Equifax)

TCTCU reserves the right to change without notice