What documents will you require?

To help the mortgage process go smooth, please provide the following documents

Proof of Downpayment

• If from savings we need 3 months bank statements showing the amount saved.
• If a gift we need a signed gift letter. CMHC/GE requires that the gift be deposited into the bank.
• If sale of home we need a copy of the offer to purchase and waiver of sale on existing home, with corresponding mortgage statements.

For a Salaried/Hourly Employee

• Letter from employer (how long on job and gross annual earnings)
• Recent Pay Stub
•  T-4 Slips

For a Salaried/Hourly Employee (Overtime & Bonuses)

• Above plus two years NOA or T-4's to prove extra income

For Self Employed / Commissioned Clients

• Last two years Revenue Canada Notice of Assessment - this form is required to confirm tax returns were filed. It is mailed to you by Revenue Canada after you file your taxes.
• Last two years financial statements if incorporated
• Last two years statement of business activities if a proprietor
• First two pages of T1 Generals, for the last two years

Other documentation may be required depending on your situation.  Every lender has different requirements.

Please do not hesitate to contact me at 604-764-6336 if you have any further questions.