Documents Required for Mortgage Approval in Ottawa

There have been many changes in mortgage laws over the past few years. These changes may affect your mortgage approval results. Also, if you have a previous mortgage permit, some of the changes could affect your previous mortgage approval. Thus, if you do not have prior permission in place or it has been delayed since your previous Ottawa mortgage approval, now is the time for pre-approval.

The process of mortgage approval is similar to pre-mortgage approval: you will need to provide your real estate agent or lender with specific information about the home you are buying, as well as income and down payment details.

Some of these documents are required for Mortgage approval:

Employment and Income information

  • Current Employment income slip or pay stubs
  • T1 Tax Forms and Tax returns
  • Other sources of income such as freelance income, investments and rental income
  • Letter of employment from your employer
  • If you are self-employed then needed Business Articles of incorporation

Personal Financial Documents

  • Personal Bank Account Details
  • All Statements of investments
  • Credit Report
  • Pre- Approval Letter (it’s optional)

Information of Down Payment

  • Statement of savings and investments from last 90 days
  • A copy of the sale agreement of the existing property
  • Home Buyers’ Plan (HBP) proof of withdrawal from your RRSP
  • Gift Letter

Details of Property

  • Sale and purchase agreement
  • MLS Listings
  • Recent Mortgage Statement
  • For rural properties, well and septic certificates
  • The legal description of the home

You might think that mortgage rates will always be very high, but for Eazy Cash, please be different. We offer very good prices without any controversy, so call us at 613-699-0011 for quick and easy mortgage approval in Ottawa. We think you will be pleasantly surprised!

5 Things to Consider When Applying for a Payday Loan

If you are facing a difficult situation, a day-to-day loan may sound like a tempting option to you. Since these loans have a very high-interest rate, they should not be taken unless you have another option. Below are 5 tips that can help you make an informed decision.

Financial Charges

The amount of the loan you will receive is much lower than the one listed on the check. The reason is that finance charges are deducted from the amount, so you will need to write a check along with these costs. Failure to do so will result in a higher rate of costs that you will have to pay. Many people get into big trouble if they fail to pay the principal interest and interest. So, make sure you know how much money you are earning and how much you will need to get back on track.

State Regulations

In each region, the regulations vary from one day to the next. Generally, the term limit is not more than 30 days. The problem is that lenders often take out long-term loans. In this case, you are at the mercy of the lender, which is something you may not even want to go through.

Cash Crunches

As mentioned earlier, the purpose of the repayment day loan is to address the short-term financial crisis, and we should repay the loan as soon as we get out of the financial crisis to avoid high-interest rates and loans.

Therefore, it is not a good idea to experiment with a “rollover” practice or you may have to pay a large sum in the end.

Financial Position

Generally, these loans are for low-income people as they cannot afford to borrow from other sources. Here, it is important to remember that lenders do not usually consider the financial situation of those applying for a loan. Therefore, you should think twice before choosing this option.


The best feature of a repayment day loan is that it is easy to get, which means that the approval process is much simpler than other types of loans. Therefore, most borrowers find them very tempting, but you should be careful and choose this option only if you have no other option left.

You could say that choosing a mortgage loan is a good idea to deal with a temporary financial crisis, but a quick decision can get you into a lot of trouble. If you are not careful enough, you could end up in serious debt. Therefore, it is best to repay the loan as soon as you can get your hands on it. Hopefully, by keeping these tips in mind, you will make this decision.

If you are looking for bad credit payday loans in Ottawa, we suggest that you give a go to Eazycash.

How Do You Request For Bad Credit Payday Loans?

What are bad credit loans?

Bad credit loans are short-term loans with low-interest rates to help people with a bad credit history to overcome their unexpected financial emergencies. Interest rates vary from borrower to debtor but are sure to repay the loan on the next due date or to avoid getting into debt. Lenders usually charge a small fee, based on the amount of the loan, which is repaid on your next payment date. Installment loans are larger and repayable over the term of the loan, usually 12 months or more, and have a lower interest rate than the repayment payday loan.

There is no obstacle to taking out a payday loan online, even if you have bad credit. Lenders offer relief to all eligible applicants and many do not look after your credit score. Instead, they use a soft credit check using other credit sources. A soft credit check is a framework for a credit report.

Advantages of Bad Credit Online Payday Loans

Bad credit Payday loans are made for borrowers who are unable to get loans from regular sources due to their low debt and lack of financial resources. Here are some of the benefits of getting a loan repayment loan.

Easy to request –
Alternative credit check
Confidential and secured
Likely approval
Quick processing
Minimum or no paperwork

How do you search for a reliable payday loan provider?

Beware of many small businesses, in one store, there are already bad creditors out there. Many come and go. It is better to deal with larger Payday loan companies, who are willing to stay here. They are not going anywhere, and they are available to help you. That is why we are here, to provide you with a large number of lenders with professional, efficient and compliant staff, who adhere to the guidelines of the Online Lenders Association.
Eazy Cash offers services including Cash Advance, Cheque cashing, Western Union money transfer, Gold buying, Car Title Loans and Prepaid cards in Ottawa & Toronto, Ontario, Canada.