What is required for a First Mortgage Loan?

You simply need a rates notice for the property, and photo ID for each person on title (ie: each owner). If the property is in a state where paper titles still exist, you will also need to have the Certificate of Title in your possession.

What loan amount would I qualify for?

In most cases, you can borrow up to 75% of the value of the property. That means if the property was worth $950,000, you could borrow up to $712,500 including capitalised interest and costs.