CRYSTAL ROSS
Mortgage Agent M09002282

Crystal Ross
Mortgage Agent
M09002282
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Work Phone: (613)627.1048
Cell Phone: (613)277.3221

Debt Consolidation

A debt consolidation loan is a single loan (generally from a financial institution) that allows you to repay your debts to several or all of your creditors at once. You are then left with only one outstanding loan — to the financial institution. In addition to streamlining your debts into a single payment, a debt consolidation loan may also offer you an interest rate that is lower than that charged by your creditors saving you money in interest charges. This option can be especially attractive if you have outstanding debts at a relatively high rate of interest (for example, those charged on some retail store cards or credit cards). We can arrange for a loan equal to the amount of your total outstanding debts that are currently due. In most cases, we will settle all the debts for you and, in return, the only monthly payment you will have to make will be to them.

Eligible debts

This option may be suitable for debts such as those relating to credit cards, public utilities or other consumer loans. However, not all debts can be combined into a consolidation loan — a mortgage cannot be included, for example.

Who qualifies?

In order to qualify for a consolidation loan, a consumer usually needs to have an acceptable credit rating and sufficient income to demonstrate that they will be able to manage the loan (that is to say, to demonstrate they will be able to make the monthly consolidation payment, in addition to paying for their regular monthly bills and expenses)

Mortgage Details

Purpose/Type of Loan:*		Value of Home:*
Mortgage Amount Required:*		Funds Required On:
Down Payment:		Credit Confirmation:
Do you have a real estate agent?:

Primary Applicant

Personal Information
First Name:*		Last Name:
Email:*		Marital Status:
S.I.N:		Age:
Date of Birth:		Phone Number:*
Address Info
Present Address:		City/Town:
Province:		Postal Code:
Residential Status:		Mortgage Payment/Rent:
How Long at Present Address:
Previous Address
Employment Information
Current Employer:		Position:
Occupation Type:		Industry Sector:
How Long at Present Employment:	(Years)	Phone:
Monthly Income:		Employer Address:
Years in Line of Business:		Type of Income:
Other Income Source:		Other Income Amount:

Co-Applicant

Personal Information
First Name:		Last Name:
Marital Status:		S.I.N:
Phone:		Age:
Date of Birth:
Address Info
Present Address:		City/Town:
Province:		Postal Code:
How Long at Present Address:
Previous Address
Employment Information
Employer:		Position:
Occupation Type:		Industry Sector:
How Long at Present Employment:	(Years)	Monthly Income:
Phone:		Employer Address:
Years in Line of Business:		Type of Income:
Other Income Source:		Other Income Amount:

Property Information

Unit #:		Street
City		Province:
Postal Code:		Property Age:
Type:		Dwelling Style:
Livable Area:	Units:
Lot:	Width: X Depth: Units:
Garage Type:		Garage Size:
Estimated Property Taxes:		Estimated Monthly Heating:
Estimated Monthly Condo Fees:		Occupied By:

Financial Information

Assets
Type	Where/Financial Institution(s)	Amount / Value
Cash Savings
Deposit on property being purchased (if applicable)
Automobile Present Value
Value of Present Home (if owned)
Stocks, Bonds, Mutual funds etc.
RRSP's
Others
	Total Amount:

Liabilities
Type	Where/Financial Institution(s)	Balance Owing	Monthly Payment	Help
Debts / Loans
Credit Cards
Owing on Automobile
Amount owing on current mortgage(s) - 1
Amount owing on current mortgage(s) - 2
No. of Current Mortgage(s)
Finance company loans and other debts
Alimony / Child Support
Total:
Net Worth (Total Assets - Total Liabilities):

Additional Comments

Privacy Statement

I/we warrant and confirm that the information given in the mortgage application form is true and correct and I/we understand that it is being used to determine my/our credit responsibility. You are authorized to obtain any information you may require for these purposes from other sources (including, for example, credit bureau) and each such source is hereby authorized to provide you with such information.

I/we also understand that the information given in the mortgage application form as well as other information you obtain in relation to my credit history may be disclosed to potential mortgage lenders, financial intermediary and mortgage insurers, organizations providing technological or other support services required in relation to this application and any other parties with whom I/we propose to have a financial relationship. Online Applications Please read the paragraph above prior to sending completed application.

By transmitting the online mortgage application you are accepting the terms of the paragraph noted above.