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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 (TCU Request from Equifax)

 

TCU reserves the right to change without notice


  •  
  • Tel. : 905.944.0981 or 1.866.889.8893
  • Fax : 905.944.0982
  • Address : Metro Square, 3636 Steeles Ave. E., Suite 305, Markham ON L3R 1K9 CANADA
  • Business Hour :
  • 10 am - 4:30 pm, Monday to Friday