When you apply for a mortgage, you will need:

  1. A copy of the accepted Offer To Purchase and the and survey.
  2. A salary letter from your employer (self-employed buyers need financial statements for the past three years as well as personal income tax returns).
  3. Confirmation that your down payment came from your own resources (e.g. bank statements or a gift letter). The lenders will need to see 3 months history of the account the down payment is coming from.
  4. A list of all your assets and debts along with account numbers.
  5. A copy of the Real Estate Listing if buying an existing home.
  6. Condominium financial statements, if applicable.
  7. If you are buying a home to be constructed, bring a picture of the property, a copy of the building plans and specifications, the land survey, plus your agreement with the builder.

Your Mortgage Select Associate can help you determine how much you can afford, obtain a pre-qualified approval, and select the mortgage that’s right for you. This allows you to act quickly when you find the home you want. After your real estate agent draws up an Offer To Purchase between you and the vendor – an agreement that sets the final price and all the conditions of sale – contact your Mortgage Select Associate. Your deal is almost complete!