This mortgage document checklist is a guide for the types of documents that are typically required to complete your mortgage application. As your mortgage broker I will work with you to collect the documentation and answer any of your questions. There are often fewer documentation requirements but, there are times when we may require any of the following. Keep in mind when I’m requesting additional documentation it is to either strengthen your application, receive a better interest rate or meet a specific condition required by the lender.
Mortgage Document Checklist
- Income Tax Notice of Assessments (NOA)
This is the form the government provides you when you file your income taxes. Lenders may require a 2 year average of line 150 of your NOA.
- Proof of Down Payment
Three months worth of statements confirming any assets. Please ensure these statements contain your name, account information, and current balances. Down Payments can be from your own resources or gifted.
- Current Pay Stubs
Two most recent pay stubs dated within 30 days.
- Employment Letter
Confirming Your Position, Start Date, Salary Information, and it must be signed and dated on Company Letterhead
- Void Cheque
Pre Printed Void Cheque for the Account you would like your mortgage payments to be withdrawn from.
- Solicitor Information
Firm name, Solicitor name, and full contact Information. If you currently do not have a solicitor, one can be recommended to you.