Mortgage Application

Mortgage Application — Ritesh Jhamb

Primary Applicant — Client Information

Name of Client

Date of Birth

Social Insurance Number

Driver’s License #

Primary Savings / Checking Bank

Other Banks / Institutions

Employer

Type of Employment

Salaried Self-Employed

Credit Score

Annual Income ($)

Include Co-Applicant / Spouse? Toggle on to add spouse details — their income will be added to the combined qualifying total

Co-Applicant / Spouse — Information

Name of Co-Applicant

Date of Birth

Social Insurance Number

Driver’s License #

Primary Savings / Checking Bank

Other Banks / Institutions

Employer

Type of Employment

Salaried Self-Employed

Credit Score

Annual Income ($)

Property & Mortgage Details

Property Value ($)

Down Payment ($)

Property Taxes ($/year)

Heating Cost ($/month)

Mortgage Principal Required ($)

Amortization (years)

Annual Interest Rate (%)

Total P & I — Monthly Payment ($) ★

Calculated

Formula: M = P × [r(1+r)ⁿ] / [(1+r)ⁿ−1] | r = annual rate ÷ 12, n = amortization × 12

Gross Debt Service Ratio (GDS) ★

GDS Ratio

= (P&I + Property Taxes/12 + Heating) ÷ (Combined Gross Income/12) × 100

Guideline: ≤ 32%

— %

Enter values above

Other Monthly Debts

Credit Cards

CC 1 ($/month)

CC 2 ($/month)

CC 3 ($/month)

Lines of Credit

LOC 1 ($/month)

LOC 2 ($/month)

Other Loans

Other Loans ($/month)

Total Debt Service Ratio (TDS) ★

TDS Ratio

= (P&I + Property Taxes/12 + Heating + All Monthly Debts) ÷ (Combined Gross Income/12) × 100

Guideline: ≤ 44%

— %

Enter values above

Clicking will open your mail client with the full application pre-filled to r.jhamb@rjrealtor.ca

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Mortgage Application

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