Mortgage Document Checklist

Whenever considering buying a new home or refinancing your existing mortgage, important personal information will be required by financial institutions/lenders prior to your application being approved.  By providing the documents listed below you will ensure a speedy approval/renewal process:

When Buying A Home You Will Be Required To Provide…


___ Government issued photo ID (with current address)

___ Social Insurance Number

Assets and Liabilities:

___ Summary of assets including: balances of checking/savings account(s), RRSP’s or other investments/properties that you may own

___ Summary of liabilities including: other mortgages, credit cards and loans

Information that describes the property you are purchasing:

___ Contract of Purchase and Sale Agreement*

___ MLS® Detail Feature Sheet*

___ Property Disclosure Statement (PDS)*

___ Title Search*

___ Property Taxes*

___ Strata Property Information: Form B, Meeting Minutes, Strata Fees* **

___ Name, Address, Telephone Numbers of your Solicitor/Notary Public

Confirmation of your down payment:

___ Savings or Investment Statement from the last 90 days

___ Sale of an existing property – a copy of the Sale Agreement

___ Gift Letter if Down Payment funds are from family, friends etc.

___ Withdrawal from RRSP through the Home Buyer’s Plan

Employment verification:

___ Copy of latest pay slip(s)

___ T4

___ Letter of Employment

___ Additional income sources

___ T1 General and Notice of Assessment (NOA) if Self-Employed


When Refinancing Your Home You Will Be Required…

Information that describes your existing property:

___ Recent Mortgage Statement

___ Current Homeowner Insurance Policy

___ Recent Property Tax Statement

___ Legal Description of your Property

Once the lender has given final their approval:

___ A void cheque for the account that the mortgage funds are to be debited from.

Additional information that may be required…

As part of your application process, you will likely be asked questions relating to what you owe and own (often referred to debt service ratio).  Some projected expenses relating to your property such as: property taxes, strata and/or HOA fees, utility costs.

This checklist is by no means exhaustive as each lender has different criteria that is important to them.  Should you have any questions about applying for a mortgage or refinancing an existing property I am happy to refer you to a local mortgage broker.

*Your real estate agent will be able to provide these documents to your bank or mortgage broker.

**Required if purchasing strata titled property only.

~ Jason Neumann

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