Apply for Mortgage

Checklist for borrowers -
Documents we'll need from you: Purchase

  • • ID for all applicants (Driver’s license and/or Passport and/or PR Card)

    • Completed Mortgage Application – signed by all applicants

    • Privacy Agreement

    • Agreement of Purchase and Sale of subject property and all schedules/waivers

    • Realtor Listing Sheet

    • Verification of Income:

    • Letter of Employment

    • Recent paystubs (x2)

    • Most recent years NOA (if income fluctuates, e.g. hourly, then 2 years NOA’s)

    • Recent T4/Recent T4A with bank statements (if applicable)

    • Copy of lease agreement or full T1 Generals for rental income

    • Separation agreement if applicable for Child Support/Alimony

    • Solicitor’s Full Contact Details

    • Void Cheque and/or PAD Form

    • Verification of Down payment (90 days history required) and closing costs (1.5% of purchase price)may be from many sources including:

    • Savings/Chequing accounts

    • RRSP account (Withholding tax may be considered)

    • Gifted Down payment – Gift Letter completed

    • Sale agreement of existing home/cottage/other property

    • GIC statements

  • • ID for all applicants (Driver’s license and/or Passport and/or PR Card)

    • Completed Mortgage Application – signed by all applicants

    • Privacy Agreement

    • Original Purchase details (date/purchase price/mortgage amount)

    • Verification of Income:

    • Letter of Employment

    • Recent paystubs (x2)

    • Most recent years NOA (if income fluctuates, e.g. hourly, then 2 years NOA’s)

    • Recent T4/Recent T4A with bank statements (if applicable)

    • Copy of lease agreement or full T1 Generals for rental income

    • Separation agreement if applicable for Child Support/Alimony

    • Current Mortgage Balance/Renewal offer

    • Property tax Statement

    • Solicitor’s Full Contact Details

    • Void Cheque and/or PAD Form

Checklist for Self-Employed borrowers -
Documents we'll need from you: Purchase

  • • ID for all applicants (Driver’s license and/or Passport and/or PR Card)

    • Completed Mortgage Application – signed by all applicants

    • Privacy Agreement

    • Agreement of Purchase and Sale of subject property and all schedules/waivers

    • Realtor Listing Sheet

    • Verification of Income:

    • Last 2 years NOA’s

    • Last 2 years FULL T1 Generals with statement of business activities

    • Last 2 years financial statements (if applicable)

    • Business license/Articles of Incorporation (if available)

    • GST Return (if applicable)

    • Solicitor’s Full Contact Details

    • Void Cheque and/or PAD Form

    • Verification of Down payment (90 days history required) and closing costs (1.5% of purchase price) may be from many sources including:

    • Savings/Chequing accounts

    • RRSP account (Withholding tax may be considered)

    • Gifted Down payment – Gift Letter completed

    • Sale agreement of existing home/cottage/other property

    • GIC statements

  • • ID for all applicants (Drivers license and/or Passport and/or PR Card)

    Completed Mortgage Application – signed by all applicants

    • Privacy Agreement

    • Original Purchase details (date/purchase price/mortgage amount)

    • Verification of Income:

    • Last 2 years NOA’s

    • Last 2 years FULL T1 Generals with statement of business activities

    • Last 2 years financial statements (if applicable)

    • Business license/Articles of Incorporation (if available)

    • GST Return (if applicable)

    • Current Mortgage Balance/Renewal offer

    • Property tax Statement

    • Solicitor’s Full Contact Details

    • Void Cheque and/or PAD Form