Getting Started with ASO Mortgages
Customer calculates Affordability test based on loan amount Next Step
Customer submits Mortgage Application form and relevant documents to ASO Next Step
Appraisal Next Step
ASO gives customer offer letter detailing terms and conditions of loan (if approved) Next Step
Approved: Customer meets all conditions in offer letter Next Step
ASO Disburses Funds Next Step
Approved
List of required documents
Commercial Loan Requirements- Must have existing checking account with ASO for a minimum duration of 3 months (Individual Mortgage Requirement)
- Offer Letter
- Valuation report
- Pay slips (3 months)
- Statement of Account (6 months)
Requirements for Construction and Renovation
- Certificate of Occupancy
- Approved Building Plan
- Original Bill of quantity (stamped, sealed and signed by a quantity surveyor)
- Deed of Assignment of sales Agreement