• You need to provide a copy of your driver’s licence, passport, or other government-issued photo ID (but not a Health card).
• SIN - Social Insurance Number (while not required but helpful)

Identification is used to verify your identity. While it’s a measure for preventing fraud, it’s essential for us to properly fill out your mortgage application. 

It’s also a requirement so a lender can provide you with funding.

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

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 on a company letterhead detailing your start date, position, guaranteed salary/wages, and a human resources contact name and phone number.

If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments:

• Provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).

If your income is through self-employment, provide:

• The most recent two years of Notice of Assessments (NOAs) from Canada Revenue Agency (CRA)
• Your business license, articles of incorporation, or GST registration number
• Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances

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 years of T1 generals (personal tax returns)
• or two years of Notice of Assessments (NOAs) from Canada Revenue Agency (CRA)

If you earn Alimony/Child Support:

• Provide Notice of Assessments (NOAs) from Canada Revenue Agency (CRA)
• The full separation/support agreement

If on maternity/paternity leave:

• A job letter on a company letterhead detailing your start date, position, guaranteed salary/wages, and a human resources contact name and phone number
• Ensure your job letter shows the return date and salary/income upon return

Income verification is required for your application so a lender can verify your ability to manage your mortgage payments.

Also provides essential information for us to assess your situation. Most of all helpful information to determine which mortgage product is appropriate for you.

It’s fraud if you falsify and/or exaggerate your income. Fraud for shelter is the most common form of mortgage fraud in Canada. Therefore we won’t tolerate this irresponsible and harmful behaviour.

It is important to be honest and precise with your income so that you aren’t getting a mortgage you can’t manage to afford.

A Multiple Listing Service (MLS) listing is a short document that details a for sale property.

A copy of the MLS listing of the home you plan to purchase is a requirement, either an online or realtor copy is fine.

If you are buying your home on a private listing website (like propertyguys.com), provide that listing instead.

A MLS listing is a document to verify the property you’re buying is real and for sale. It’s a basic document to determine the mortgage amount that you require.

It’s a document that outlines the home you’re purchasing. Gives a lender a short summary of the home.

• Make sure the MLS Listing is in full and legible.

A Purchase and Sale Agreement is the written agreement between the seller of a property and you (the buyer).

Simply it’s a contract that states your intention (as the buyer) to pay a specific amount by a set date.

The seller and you must both sign the document when you accept the offer.

It’s an essential document that details the transaction, the amount you are to pay for the property and when your mortgage funds are required.

Also an important document for the lender to verify accurate funding upon the date required. This is an essential of the purchase mortgage documents.

• You’ll need to provide the final purchase agreement signed by all parties, with all conditions waived.
• Make sure it’s legible
• Ensure all dates are accurate
• All witness lines must have signatures

A void cheque is simply an unusable cheque that details your transit number and account number. It’s essential for a lender to deposit and withdraw funds from your account.

It’s an essential document that allows a lender to fund your mortgage. Also confirms the funds are in fact deposited to you, the mortgagor.

• Make sure that the cheque you provide is an account in your name, if it isn’t it won’t be a valid document.
• If you don’t provide a void cheque provided by your banking institution, make sure that you properly void a cheque of your own.
• It’s highly recommended you get a void cheque from your bank. Can easily be obtained from their website or physically at a branch location.