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The following information is typically needed when applying for a mortgage.
Purchase Contract and Property Information
- Copy of the sales contract
- Mailing address and property description
- Plans and specifications (new construction only)
Personal Information
- Social Insurance Number
- Marital Status
- Number and ages of dependants
- Current address and telephone numbers
- Addresses for the past few years
- Current housing expenses (rent, mortgage, insurance, taxes)
- Name and address of landlord or current mortgage holder for past two years
Employment History and Income
- Two years of employment history, with complete details of each job
- Recent pay stubs and two years of T4 forms
- Complete tax returns and financial statements if self-employed
- Proof of other income
Assets
- Complete information on all bank and money market accounts
- Two months of bank statements
- Current values of stocks, bonds, mutual funds, and other investments
- Vested interest in retirement funds
- Value of life insurance
- Information on vehicles you own
- Information on real estate you won
- Value of significant personal property you won
Liabilities and Debts
- Itemized list of all current debts (loans, credit cards and other bills)
- Written explanation for past credit problems
- Full detail of bankruptcy during the last seven years
Fees
- Credit report and appraisal fees
Please note the following list is to be used as a guide. The items on this
list may not pertain to your situation and will not be required, just as there
may be items you require that are not on this list.
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