Mortgage Pre-Approval Document Checklist

Important Disclaimer:

This checklist is provided as a general guide to help you understand the typical documents required for a mortgage pre-approval. Every borrowers situation is unique, and additional documentation may be required based on your specific circumstances,

employment situation, down payment source, and chosen lenders requirements. This is not an exhaustive list, and the actual documents needed may vary. We will work with you to determine the exact documentation required for your situation.

Required Documents for Everyone

• Government-issued photo ID
• Void cheque or pre-authorized debit form

Income Documentation

If You're a Salaried Employee:

• Letter of employment on company letterhead (must include):
• Your position
• Length of employment
• Current salary
• Most recent pay stub
• Most recent Notice of Assessment from CRA

If You Have Variable Income (Hourly, Overtime, etc.):

• Letter of employment on company letterhead
• Most recent pay stub
• Last 2 years Notice of Assessments from CRA
• Last 2 years T4s

If Self-Employed:

• Last 2 years full T1 General tax returns (all pages)
• Last 2 years Notice of Assessments from CRA
• Statement of Account from CRA showing $0 balance
• Last 2 years company Financial Statements (if incorporated)
• 6 months of business bank statements
• Proof of self-employed status for 2+ years (Business License, Articles of
• Incorporation, etc.)

Down Payment Documentation

For any down payment source, we need a 90-day history showing:

If Using Savings/Investments:

• 90 days of bank statements showing account history
• Investment statements (if applicable)
• For any deposits over $1,000 (except regular pay), proof of source of funds

If Using Gift Funds:

• Gift letter (we will provide this)
• Proof of deposit into your account
• Statement showing funds in gifter's account (may be required)

If Using RRSP (First Time Home Buyers):

• RRSP statements showing available funds
• 90-day history of RRSP account

Additional Information (If Applicable):

If you own other properties:

• Current mortgage statement(s)
• Property tax bill(s)
• Lease agreement(s) if any properties are rented
• If separated/divorced:
• Separation agreement
• If receiving child support/benefits:
• Child support documentation
• Canada Child Benefit letter
• 3 months bank statements showing deposits

Important Notes:

* All documents must have your name clearly shown

* Do not alter or black out any information on documents

* We may require additional documentation based on your specific situation

* Electronic copies are accepted

* Your privacy and security are our top priority

Need help or have questions? Contact Tim Lyon directly at 778-988-8409