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#30 YEAR AMORTIZATION PLUS#

Helps you pay off your loan faster and reduce the total interest you will pay on your mortgage.Ī draft in the amount of half of your monthly payment is made every 2 weeks and held in escrow. Payment is accepted in many PNC bank branch during normal branch hours and is effective as of the date payment is made, although it may take up to 2 business days for the payment to be reflected on your account. You’ll need to write your loan number on the appropriate documents and mail them. Pay your Mortgage by phone from any account, including accounts at other banks. Click Make a Payment on your account activity screen in Online Banking.Įnroll in the Automated Payment Program and have your monthly payment automatically deducted from any deposit account, including deposit accounts at other banks.ĭownload, complete, and return the Automated Payment Authorization form to the address or fax number listed on the form, or to your local PNC branch. You can schedule payments from a PNC deposit account or from an external non-PNC deposit account. Pay your mortgage online using PNC Online Banking. Explanation of discrepancies on credit.

Purchase agreement, including legal property descriptions and any addendum.

Bankruptcy/Consumer Credit, if applicable.

Cancelled rent or mortgage payment checks for the past 12 months, if not available on credit report.

For gift funds – a gift letter, evidence of transfer, and sometimes evidence of withdrawal.

Sale of asset – proof of ownership, proof of sale, and proof of funds transfer.

Keep in mind that a longer amortization period is not always better.

This is because mortgages that require CMHC insurance coverage have a 25-year maximum. Closing Disclosure or Listing Agreement if using funds from the sale of property. While 30-year mortgages do exist in Canada, most mortgages are limited to a 25-year amortization period (the total life of a mortgage).Stocks and securities account statements for the last three months.Original bank statements for the last three months, including savings, checking, and investment accounts.Year-to-date business profit and loss statement for current year, if more than three months have passed since the end of the tax year.Signed, completed tax returns for the past two years, including personal, partnership, and corporate, if applicable, including all schedules.Award letter/1099 for social security, pension and disability.Child support/alimony – Child support agreement and/or divorce decree and/or 12 months.

#30 YEAR AMORTIZATION PLUS#

To apply for a home loan, you’ll need to provide information about your income, assets and debts, plus any circumstances that may impact your ability to repay.īe prepared to provide some or all of the items below: Use this list to gather what you need to apply for a home loan.