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Document Checklist

Depending on your unique financial situation, there are several documents you need when applying for a mortgage. This document checklist will help you prepare all the documentation required for the mortgage approval process.
 

Income Confirmation

Salary Position / Hourly Position

  • Current paystub showing a year-to-date income
  • Current T4 slip or employment letter
  • Overtime income, 2 most recent years of T4 slips

Part-time Position / Commission Position

  • Current paystub showing a year-to-date income
  • 2 most recent years of T4 slips

Self Employed

  • 2 most recent years of T1 General full booklet
  • 2 most recent years of Notice of Assessment, showing no taxes owing
  • Proof taxes paid if owing
  • If your company is limited or incorporated, 2 most recent years of business financials

Other

  • Lease agreements (if you have rental properties)
  • Confirmation support payments are being made or received (child/alimony) via 90-days of account statements and separation agreement
  • Child Tax Benefit government statement (showing the ages of the children and amount being received)

 

Down Payment Confirmation

From Own Resources

  • 90-days of account statements (showing name, date, balance, account number, financial institution)
  • 90-days of TFSA statements (showing name, date, balance, account number, financial institution)
  • 90-days of RRSP statements (showing name, date, balance, account number, financial institution)

Gifted from a Family Member

  • A signed copy of a gift letter (we will provide)
  • Account statement showing gift is deposited in your account

Sale of Existing Home

  • Copy of the unconditional sales contract

 

Other Documents

  • Mortgage statements for any properties owned
  • Tax assessment for any properties owned
  • Divorce/separation agreement including full and complete minutes of settlement, if applicable
  • Signed consent form (we will provide)

 

This information is subject to change without notice.

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    ContactMike Brandsma
    Licensed Mortgage Broker

    Phone 780-960-5897
    (no texting capability)
    Text 587-417-2494
    (texting only, no phone)
    Fax 780-960-5898

    21, 201 McLeod Avenue
    Spruce Grove, AB
    T7X 2K6

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