If you are thinking of purchasing a new home these are the documents your lender will require:
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Most Recent Pay Stub
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Letter of Employments – on company letterhead, detailing length of tenure, job title, rate of pay, guaranteed number of hours
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Last Two Years of T4′s
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Last Two Years Notices of Assessment – with the most recent year showing now taxes outstanding
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Most recent Mortgage statement from current home
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Property Tax Assessment from current home
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Most recent Mortgage Statement from all rental properties
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Property Tax Assessment from all rental properties
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Rental Agreements from all rental properties
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Bank Statements – 90 days worth of statements from each account that down payment funds will be drawn from, if not all down payment will be covered from the sale of your current home – please ensure that all accounts show your name and account number clearly at the top and that they are unaltered
- If down payments is to be gifted, please send in a statement showing the account number, name and corresponding deposit, to line up with the amount on the gift letter. Letter will be forwarded to you once a lender has been chosen, as each lender has a specific letter
List of Documents for Self Employed
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Articles of Incorporation
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Last two years company financials
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Last two years Notices of Assessment – with the most recent year showing no taxes outstanding
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Last two years T1 Generals
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Most recent Mortgage Statement from current home
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Property Tax Assessment from current home
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Most recent Mortgage Statement from all rental properties
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Bank Statements – 90 days worth of statements from each account that down payment funds will be draw from, if not all down payment will be covered from the sale of your current home – please ensure that all accounts show your name and account number clearly at the top and that they are unaltered
- If down payments is to be gifted, please send in a statement showing the account number, name and corresponding deposit, to line up with the amount on the gift letter. Letter will be forwarded to you once a lender has been chosen, as each lender has a specific letter.