Mortgage Application Checklist

Below is a list of documents that are required when you apply for a mortgage. However, every situation is unique and you may be required to provide additional documentation. An Integrity Mortgage Consultant will inform you on the outstanding condition, and the sooner the consultant has those conditions, the sooner your financing will be put into place.

Required documentation for:

Purchasing/Refinancing a home

• Accepted offer to purchase (faxed in by realtor)
• Multiple listing service (faxed in by realtor)
• Current pay stub
• Letter of employment stating
  • When you started
  • Position
  • Annual income
  • The letter has to have your company header on the top of page and signature with phone number on the bottom of the page.
• Confirmation of down payment and closing cost
  • 1 month transaction history.  You can get that from your branch or online.  It is important that your NAME is on the transaction history.
  • IMPORTANT: make sure you have enough money in your account for the down payment, along with the 1.5% for closing costs.  (1.5% of the purchase price is a rule-of-thumb that financial institutions use.  Your closing costs may vary).
• Solicitor (lawyer) information 
  • Name, address, phone, and fax number
• Void Cheque
• Signed Mortgage agreement (what you sign with an Integrity Mortgage Consultant).
• Appraisal – if your loan to value is less than 80%.

Self Employed, Commission based, or use Over Time income

• 2 years of Notice of Assessments
  • NOA is what you get back from the government after you file your taxes.  The government assesses what you or your accountant submits and may make the appropriate adjustments.
• Incorporation papers – prove you are self employed (only for self employed)
• Accepted offer to purchase (faxed in by realtor)
• Multiple listing service
• Confirmation of down payment and closing cost
  • 1 month transaction history.  You can get that from your branch or online.  It is important that your NAME is on the transaction history.
  • IMPORTANT: make sure you have enough money in your account for the down payment, along with the 1.5% for closing costs.  (1.5% of the purchase price is a rule-of-thumb that financial institutions use.  Your closing costs may vary)
• Solicitor (lawyer) information. 
  • Name, address, phone, and fax number
• Void Cheque
• Signed Mortgage agreement (what you sign with an Integrity Mortgage Consultant).
• Appraisal – if your loan to value is less than 80%.

If you have any question regarding the conditions please contact us.