Mortgage Documents Mortgage Documents Mortgage Documents

Document Examples

Documentation is an important part of the mortgage process, whether it’s for an application or a pre-approval. The challenge, though, is that different lenders often have different requirements for each type of document.

We’ve outlined some of the key document terms and points to help you better understand what is being asked of you, so you’re better prepared for the process.

It’s worth mentioning, that it is important that all documentation is legible. Otherwise, the documents can be deemed unusable.

Copy of ..

This is a copy of your policy or a statement from your ...

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Down Payment ..

Lenders need to see that your down payment has been in your ...

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Home Equity ..

Lenders will require the most up to date statement on your current ...

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Job Letter

A LOE is a standard document in which your employer confirms your ...

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Mortgage Statement ..

Lenders will require the most up to date statement on your current ...

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Notice of ..

The Notice of Assessment is a summary of your T1 General (tax ...

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Pay Stub

A pay stub will include your Year to Date (YTD) earnings, along ...

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Property Tax ..

This statement is provided by the city and shows the amount of ...

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Strata Form ..

This form is can be obtained from the strata management company and ...

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T1 General

This is your actual tax return and is what you (or your ...

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T4

If you are an employee (not self-employed) a T4 shows your gross ...

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T4A

If you’re retired and receive a pension, you’ll receive a T4A that ...

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Void Cheque

If you don’t have any cheques, they can be provided by your ...

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