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- Hi, I'm Michelle Courtney.

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- And I'm Bill Anglin.

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- We're from the Courtney
and Anglin Real Estate Group.

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- With New Years and Christmas behind us,

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many people start thinkin'
about real estate again.

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- The buying season is
right on the horizon,

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and we want you to be ready.

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(upbeat music)

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- Today, we're gonna get you some answers

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on what you need to
start your home search.

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- We're here today with John Hudey,

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a mortgage specialist with RBC.

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Hi, John, how are you doin'?

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- How you doin', Michelle?
- Good.

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- Hi, Bill.
- John.

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- John, so tell me, why should

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a potential buyer get preapproved?

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- Michelle, that's a great question.

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A potential buyer should get preapproved,

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'cause it helps establish
a purchase point for them.

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It also allows them to review
their income documentation,

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their down payment, verifications,

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and also have a quick review
of their credit bureau.

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- What information and
documentation does a buyer

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need to bring to you
for their first meeting?

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- Income verification.

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We're looking for your
most recent pay stub,

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your last two years' tax returns,

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and also confirmation
of your down payment.

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- What if you're self-employed?

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- Well, if you're
self-employed, we're looking for

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a full history of your
two years' tax returns,

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and depending on how you file,

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it could also include your
corporate returns as well.

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- Thanks for the information, John.

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It helps clear up a lot of

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the questions that our clients have.

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- Are you wondering what happens

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if the property you're looking at

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has rental suite income potential?

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Stay tuned and find out next week.

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(light music)

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(electronic music)