These days, lenders require alot of documents, including the kitchen sink! Working with a Mortgage Broker won’t take away the amount of paperwork required, but it will make things far easier and the process much smoother.
We’ve prepared a basic checklist documentation requirements. Some documents will be required upfront, and some can be collected at a later date.
This is a general checklist. The first phone call with your broker will be important as they’ll help you sort through the requirements based on your unique situation.
Mortgage Documentation Checklist
Letter of employment
2 years T4 Slips
2 years T1 General Tax Returns (Required for Self Employed borrowers)
Property Documents (usually supplied by your realtor)
Agreement of Purchase and sale
Property Disclosure statement
Confirmation of Down Payment
3 months bank statements
Agreement of Purchase and sale for existing property
Existing mortgage statement for any properties you currently own
Rental leases for any rental property you own
Your last property tax bill (s)
Proof of child support payments
T-slips and tax returns for dividend or capital gains income
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Victoria, BC V8W 0B6