Documents, documents and more documents!! 

Barb Pinsent from Mortgages by Barb understands just how overwhelming it can feel when your Mortgage Broker gives you a list of the documents required for your mortgage application.

“Seeing someone sitting in my office with all their hopes and dreams of home ownership and then I provide them with their first big hurdle – a list of documents they need to provide to verify the details of their application – it can be a stressful moment.”  

Barb Pinsent – Mortgages by Barb

The Office of the Superintendent of Financial Institutions, also known as OSFI, is responsible for the regulations around documents that are required for your mortgage application. OSFI have a specific goal of protecting the stability of the Canadian banking system. Over the last 10 years, the lending market has become much more strict and complex and the federal regulations that OSFI insist lenders abide by are always changing. 

As a Mortgage Broker, Barb is constantly educating herself to keep up with the changes that OSFI is introducing, “Knowing and understanding the document requirements for my clients individual situation allows me to remove the stress and make the mortgage process as painless as possible. I don’t want my clients to spend time gathering documents that are not needed.”  

If you want to reduce your stress during the financial phase of your home purchase, call Barb Pinsent from Mortgages by Barb on 780-370-1490 for information regarding the documents that you will require for your application. Providing most of the documents prior to finding a property ensures that any and all questions that may arise are addressed and dealt with prior to shopping for a property.