Salaried Employee

• Current pay stub
• Current letter of employment
• 2015 Notice of Assessment

Sole proprietor or commission income earner

• 2014 + 2015 T1 Generals – please include all sections
• 2014 + 2015 Notice of Assessments
• Business Registration (sole proprietor)
• Letter from your place of business which outlines position, start date and that you are actively working there (Commissioned earner)

Incorporated

• 2014 + 2015 T1 Generals – please include all sections
• 2014 + 2015 Notice of Assessments
• 2 most recent years’ corporate financials
• Articles of incorporation – complete document

In addition to the signed application and income verification, the following list outlines additional documentation required when you are making a purchase:

• Down payment – copy of current dated account statements clearly displaying your name, showing the most recent 3 month history of your savings. The amount must total the entire down payment including the debit relating to the deposit with offer and the closing costs (land transfer tax + lawyer fees).
• PSA + MLS – agreement of purchase & sale including all waivers and a copy of the MLS to show property details (can obtained from your realtor)
• Lawyer– contact information

In addition to the signed application and income verification, the following list outlines additional documentation required when you are refinancing or renewing: 

• Current Mortgage Statement – if applicable, please provide most current statement, internet version is acceptable
• City Property Tax Bill – most recent copy of detailed property tax bill
• Home Insurance Policy– a copy of the valid policy which shows subject property address and expiry date (will be required for renewals or switches)

For more information on mortgages and today’s best rates please contact me directly: (416) 899-1467