Below are some example inputs you can use to try out the "AI create application" button on Finmo. Simply copy and paste the below information into the AI chat box to create sample applications using each type of information.

Simple prompt examples to jumpstart an application

New purchase for Bart Simpson, bart@example.com

New refi for Homer Simpson and Marge Simpson. homer@example.com, and marge@example.com

New purchase+ for Bruce Banner, bruce@example.com. 500k purchase, 100k down. 150k improvements.

Copy an email chain

The property is 729 15 St NW Calgary AB. The remaining balance at maturity is $421,000 and there will be 21 years remaining on the amortization.

I'm employed by the Safeway in the beltline on 11th ave. I make about $46k a year.

On Thu, Jun 13, 2024 at 12:24 PM Bob Broker <bob.broker@example.com> wrote:

Hey Clark,

Absolutely, I just need a few pieces of information; the property address, the remaining balance at maturity and the remaining amortization.

If you could also provide me your current employment and income information that would help me find you the best rate.

Regards,

Bob Broker

On Thu, Jun 13, 2024 at 12:23 PM Clark Kent <clark.kent@examle.com> wrote:

Hi there,

I have a renewal coming up with my current mortgage on August 30th. I was wondering if you could find me a better rate? My current renewal rate is 5.99%.

Thanks,

Clark Kent

Paste in a call or chat transcript between a broker and a borrower

**Mortgage Broker (Emma):** Good afternoon, this is Emma from Maple Leaf Mortgages. How can I assist you today?

**Client (John):** Hi Emma, I'm interested in applying for a mortgage pre-approval. Could you help me with that?

**Emma:** Absolutely, John. I'd be happy to help you get started with your mortgage pre-approval. I'll need to gather some information from you to fill out the application. Do you have a few minutes?

**John:** Yes, I do. What information do you need?

**Emma:** Great. Let's start with some basic personal information. Could you please provide your full name, date of birth, and marital status?

**John:** Sure. My full name is John Michael Thompson, my date of birth is July 15, 1985, and I'm married.

**Emma:** Thank you, John. And what is your current address?

**John:** I live at 123 John Street in Toronto, Ontario.

**Emma:** Perfect. Now, I'll need some contact information. What is your phone number and email address?

**John:** My phone number is 416-555-7890 and my email is john.thompson@example.com.

**Emma:** Got it. Next, I need some employment information. Where are you currently employed, and what is your position there?

**John:** I work at Northern Tech Solutions as a Senior Software Engineer.

**Emma:** Great. And how long have you been with Northern Tech Solutions?

**John:** I’ve been there for about 5 years now.

**Emma:** Excellent. And your annual salary, if you don't mind sharing?

**John:** I make around $95,000 per year.

**Emma:** Thanks, John. Now, do you have any additional sources of income, like rental income, freelance work, or investments?

**John:** No, my salary from Northern Tech Solutions is my only source of income.

**Emma:** Understood. Now let's move on to your financial status. Can you tell me about your current assets and liabilities? This includes any bank accounts, investments, loans, or credit card debt.

**John:** Sure. I have around $20,000 in my savings account. I also have an RRSP with about $15,000. As for liabilities, I have a student loan with a balance of $8,000 and a credit card with a balance of $1,500.

**Emma:** Thank you, John. Do you have any pre-existing mortgages or other property loans?

**John:** No, I don’t have any other property loans at the moment.

**Emma:** Great. And are you planning to make a down payment? If so, how much are you considering?

**John:** Yes, I plan to put down about $30,000.

**Emma:** Excellent. And do you have any specific property or price range in mind?

**John:** We're looking at houses in the range of $400,000 to $450,000.

**Emma:** That's helpful to know. Lastly, do you have any additional co-borrowers or co-signers for this mortgage?

**John:** No, it'll just be me and my wife.

**Emma:** Perfect. I have all the information I need to start your pre-approval process, John. We'll review everything and get back to you within a few days. If we need any additional information, I'll reach out to you.

**John:** That sounds great. Thank you so much, Emma.

**Emma:** You're welcome, John. If you have any questions or think of anything else in the meantime, feel free to give me a call or send me an email. Have a great day!

**John:** Thanks, Emma. You too!

A full written description that jump starts a nearly complete application.

The mortgage application is for a borrower named Bobby Zang, who intends to purchase a property located at 6900 Airport Road, Mississauga, ON, Canada, L4V 1N2. The goal of the application is "purchase plus"

Details of the Mortgage Application:

- Purchase Price of Property: $400,000

- Down Payment: $43,000

- Improvement Cost: $30,000 (to add a new garage)

- Use of Property: Owner-occupied

- Closing Date: May 31, 2024

- Approval Type: Approval

- Province of Subject Property: Ontario

Mortgage Financial Information:

- Amortization: 20 years

- Interest Rate: 3.5%

- Term: 5 years

- Payment Frequency: Monthly

- Mortgage Type: Fixed

Information About Main Borrower:

- First Name: Bobby

- Last Name: Zang

- Email:bobby@hotmail.com

- Phone: (403) 918-5205

- Work Phone: (403) 888-9999

- Marital Status: Single

- Birth Date: April 4, 1975

- Dependents: 0

- Main Borrower: Yes

- First Time Home Buyer: No

Employment and Income:

1. Primary Occupation:

- Source: Employed

- Business: Lendesk, Vancouver, BC

- Title: Sales Associate

- Income: $75,000 annually

- Start Date: February 2, 2013

- Job Type: Full-time

- Income Frequency: Annually

- Industry Sector: High Tech

2. Secondary Occupation:

- Source: Self-employed

- Business: Bobby's Business, Moose Jaw, SK

- Title: Contractor

- Income: $500 monthly

- Start Date: February 3, 2018

- End Date: February 2, 2023

- Job Type: Full-time

- Business Type: Corporation

- Industry Sector: Construction

3. Additional Income:

- Source: Child Support

- Income: $1,000 monthly

- Start Date: February 4, 2017

Assets:

- Cash/Checking: $200,000 (with $50,000 allocated as a down payment)

Liabilities:

- Credit Card:

- Credit Limit: $15,000

- Balance: $2,000

- Monthly Payment: $60

Living History:

1. Current Address:

- 312 Aurora Heights Drive, Aurora, ON, L4G 5C4

- Owner Status: Owner-occupied since February 3, 2022

2. Previous Address:

- 740 Bathurst Street, Toronto, ON, M5S 2R6

- Owner Status: Owner-occupied from March 3, 2016, to February 2, 2021

Owned Property Details:

- Address: 312 Aurora Heights Drive, Aurora, ON, L4G 5C4

- Owner Status: Owner-occupied

- Property Value: $400,000

- Annual Taxes: $25,000

- Original Purchase Price: $150,000

- Monthly Heating Costs: $100

- Selling: Yes

- Include Expenses in TDS Calculation: Yes

Subject Property Details:

- Address: 6900 Airport Road, Mississauga, ON, L4V 1N2

- Selling Status: Not selling

- Annual Taxes: $400

- New Construction: Yes

- Property Type: Detached

- Tenure: Freehold

- Living Space: 3 sq. meters

- Lot Size: 4 sq. meters

- Heating System: Electric baseboard

- Water System: Municipal

- Number of Units: 1

- Style: One storey

- Age: 1 year

- Garage: Single, attached

- Sewage System: Municipal

- Tax Year: 2023

- Taxes Paid By: Borrower

- Taxes: $4000

- Monthly Heating Costs: $100

- Purchase Price: $400,000

- Appraised Value: $500,000

- Include Expenses in TDS Calculation: Yes

Should you have any questions please click on the chat bubble or email support@finmo.ca