IT'S EASY TO GET STARTED
Getting a mortgage is one of the single most important decisions you'll ever make. And while buying a home, moving into a condo, or downsizing to a recreation property can be exciting, trying to figure out what you need to get approved can be daunting.
Not anymore! If you're ready to get started on applying for a mortgage, I've put together a list of forms and requirements below to take the guessing out of getting started!
Application Forms & Required Documentation
Sample – Notice of Assessment
Any of the applicant(s) or co-applicant(s) must provide a Notice of Assessment. This document is normally requested by a mortgage company for two reasons: to confirm your taxable income (showing as your Line 150 income) and to confirm if there are any outstanding taxes owed to Revenue Canada. A sample of this statement is downloadable below, and may be available from your accountant as well.
Download PDF - Sample Notice of Assessment
Mortgage Application
In order to process a mortgage application or pre-approval, we will need various employment, residence and financial information from the applicant(s) and co-applicant(s). To expedite the process in putting this information together, we provide the fillable mortgage application below.
Download PDF - Mortgage Application
Sample – T1 General Tax Return
In order to process a mortgage application or pre-approval, we will need a T1 General Tax Return for the applicant(s) and co-applicant(s). A sample of this return is downloadable below, and may be available from your accountant as well.
Download PDF - Sample T1 General Tax Return
Gift Letter
If any part of the mortgage's downpayment is being gifted by a family member, relative, or friend, financial institutions will require a signed and dated copy of a gift letter, available for download below.
Download PDF - Gift Letter Form
Client Consent Form
In order to process a mortgage application or pre-approval, we will need permission from the applicant(s) and co-applicant(s) to contact consumer reporting agencies, credit bureaus, financial institutions, and real estate appraisers. To obtain this permission, we provide the client consent form below.
Download PDF - Client Consent Form
Form B
A Form B is the strata corporation’s information certificate. Typically when someone is purchasing a condo, the contract is subject to receiving and approving a Form B. The required contents of this form are set out in the Regulations of the Strata Property Act, and the form is available for download below.
Sample – Statement of Business Income
If any of the applicant(s) or co-applicant(s) have income derived solely or partially from a self-owned business, a Statement of Business Income is required for a mortgage application or pre-approval. A sample of this statement is downloadable below, and may be available from your accountant as well.
Download PDF - Sample Statement of Business Income
Sample – Statement of Property Rental
If any of the applicant(s) or co-applicant(s) have income derived solely or partially from a rental property, a Statement of Property Rental is required for a mortgage application or pre-approval. A sample of this statement is downloadable below, and may be available from your accountant as well.
Download PDF - Sample Statement of Property Rental
NEED HELP GETTING STARTED?