Mortgage Documents

Information required for the property

  • Purchase and sale agreement
  • MLS listing with photo
  • Contact information for your solicitor
  • Heating cost, tax estimates and condo fees
  • Well and septic  (rural property)

Down payment confirmation

  • Bank statement for last 3 months
  • Investments T5 slip for past two years for each investment
  • If from existing property: copy of a sale agreement and waiver
  • Gift letter
  • RRSP withdrawal from home buyers plan
  • Confirmation of closing costs (1.5%)

Employment verification: details of your income

  • Copy of recent paystub with 30 days showing your year to date earning (or 2 paystub if there is no year to date showing)
  • T-4 (seasonal min 2 with T4E)
  • Letter of employment: position, wage, # guaranteed hours, salary amount, on employer letter head with signature and phone number
  • T1 general and Notice of assessment for self-employed (min 2 years)
  • T1 general and Notice of assessment and financial statements (min 2 years) if self employer incorporated co.
  • Child support or alimony: official document to support amount of income received and duration

If you own other property

  • Recent mortgage statement
  • Most recent property tax bill/statement
  • Legal description
  • Rental property: confirm rental income  via leases or two year tax returns

Other

  • Void cheque
  • Two piece of identification - pictured and one piece government approved

 

 

 

 

 

 

 

Tracey Greenspoon

Tracey Greenspoon

CENTURY 21 B.J. Roth Realty Ltd., Brokerage*
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