Applying for mortgage - What paper work should I prepare and how?

[Andy R.]

Hi everyone,

I've been watching the market and saving for a down payment for a couple years now and I'm getting to point where I might be ready to start making offers on my first duplex or triplex in Southern-Ontario.

When the time comes to visit the bank I want to look as prepared and professional as possible, and I'm wondering what sort of paper work I should be putting together and how I should present it? Do I need anything other than personal financial statements and income/expense statements for the property I'm interested in? Should I put everything together in a binder or a bound document? Any advice would be much appreciated. Actual examples would be great too!

Thanks,

Andy