MORTGAGE DOCUMENT CHECKLIST

• If your income is salary or wages, provide: * A recent pay stub showing the pay date, pay amount, your name and the employer’s name * A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number. * Most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA). Note: Identify for us any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the
• If you are self-employed, provide: • The most recent two year’s NOAs • Your business license, articles of incorporation, or GST registration number.
• If you earn rental income, provide a copy of each lease, as well as either: • A Canada Revenue Agency T776 Statement of Real Estate Rentals, or • Two year’s of T1 generals (personal tax returns), or • Two year’s of NOAs.
• If you earn Alimony/Child Support * Provide NOAs and the full separation/support agreement.
• If on maternity/paternity leave * Ensure your job letter shows the return date and salary/income upon return.

Tips

• Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.

• If your down payment is coming from savings, a lender will want statements proving that the funds have been accumulated over at least three month’s time.
• If your down payment is a gift, provide a statement showing the funds deposited into your account, and get a signed gift letter.
• If your down payment is coming from the sale of another property, provide a copy of the final sale agreement for that home, as well as its most recent mortgage statement.
• If you are borrowing from a secured line of credit (LOC), you need a copy of the LOC statement showing the funds being withdrawn.
• If you’ve put down a deposit on the property, provide a deposit receipt, plus statement(s) showing the deposit funds being withdrawn from your bank account.

Tips

• Bank or financial statements must always show your name, account number and dates.
• Gifted down payments must generally be from a parent, sibling or grandparent. Otherwise the money may be considered borrowed funds, which may affect your ability to qualify.
• Online statement printouts are fine, as long as all info appears on one page, or if multiple pages, the account number appears on every page.

• Either an online or Realtor copy is fine.
• IIf you bought your home on a private listing website (like propertyguys.com), provide that listing instead.

• You’ll need to provide the final purchase agreement signed by all parties, with all conditions waived.

Tips

• Make sure it’s legible, all dates are entered and all witness lines have signatures.

• Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card).

Tips

• All ID text, photos and numbers must be clearly visible.

This cheque is used by the lender to deduct payments from.

• If your income is salary or wages, provide: * A recent pay stub showing the pay date, pay amount, your name and the employer’s name * A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number. * Most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA). Note: Identify for us any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the
• If you are self-employed, provide: • The most recent two year’s NOAs • Your business license, articles of incorporation, or GST registration number.
• If you earn rental income, provide a copy of each lease, as well as either: • A Canada Revenue Agency T776 Statement of Real Estate Rentals, or • Two year’s of T1 generals (personal tax returns), or • Two year’s of NOAs.
• If you earn Alimony/Child Support * Provide NOAs and the full separation/support agreement.
• If on maternity/paternity leave * Ensure your job letter shows the return date and salary/income upon return.

Tips

• Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.

• Must show your name, property address, balance or original mortgage amount, and monthly payment.

• Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card).

Tips

• All ID text, photos and numbers must be clearly visible.

For the lender to deduct payments.