|
|
Offer to purchase
|
|
|
Copy of the listing
|
|
|
Signed mortgage application
|
|
|
Verification of income for 2 years
-
an employment letter stating position, length of time on the job & salary and name/ telephone number of employer
-
previous years T4 slip(s)
-
verification of no outstanding personal taxes owed to Gov't
-
(self employed! Ask us – as requirements will vary with lender)
|
|
|
-
Title insurance, if required ($250)
-
Appraisal cost, if required ($321)
|
|
|
Verification of downpayment and closing costs
-
gift letter and copy of deposit to account or account print out showing deposit
-
copy of offer to purchase on sale
-
copy of passbook or 3 months of bank statements
-
copy of RRSP or investment statement
-
closing cost are estimated at 1.5 percent of cost of property
|
|
|
Void cheque from which mortgage payments will be drawn
|
|
For mortgage transfers or switches:
|
|
|
Copy of fire insurance
|
|
|
Copy of mortgage document
|
|
|
Copy of mortgage renewal
|
|
|
Copy of paid tax notice (mortgage statement)
|
|
|
Copy of property assessment
|
|
|
(Costs are an estimate and can differ depending on service provider.)
|
