Residential Mortgages Oakville, Mississauga | Commonly Requested Documents

List of commonly requested standard documents that most banks or financial mortgage lender will need in order to get a mortgage approval:

• Notice of Assessments (NOA’s) for the most recent 2 tax years
• T4’s for the most recent 2 tax years if you are an hourly or salaried employee of a company
• T4A’s for the most recent 2 tax years if you are a commissioned employee or worker
• Most recent 2 pay stubs if you are an employee
• A job letter dated less than 30 days ago if you are an employee
• T1 Generals if you are self-employed or own your own business
• Business licence is you are self-employed as a Sole Proprietor or Partnership
• Articles of Incorporation if you are a shareholder / owner of a corporation
• Business Financial Statements for the most recent 2 tax years if you own your own business / corporation
• 3 to 6 months of personal bank account statements
• 3 to 6 months of business bank statements if you are self-employed or in business for yourself
• Current most recent mortgage statements if you currently own any other properties or are seeking an approval for mortgage refinance
• Most recent Final Property or Housing Tax Bill if you currently own any other properties or are seeking an approval for mortgage refinance
• 2 pieces of identification
• Be ready to sign a credit check consent form so that your mortgage broker or the lender can pull your credit report from your credit bureau agency
• Rent rolls or rent / lease agreements if you currently own any properties that you rent out and are using that rental income to offset your expenses or add to your income or improve your financial position
• Proof of down payment sources to show the lender how and where your down payment is coming from or where the funds are flowing through.