✅ Mortgage Application Checklist (First-Time or New Homebuyers)
Before applying, gather these documents:
Personal Information
- Government-issued photo ID (driver’s license, passport)
- Social Insurance Number (SIN)
Income Verification
- Recent pay stubs (last 2–3)
- T4 slips or Notice of Assessment (last 2 years)
- Employment letter (stating position, salary, and length of employment)
- If self-employed: 2 years of full tax returns and business financials
Assets & Savings
- Bank statements (last 90 days) showing down payment funds
- Investment account statements (RRSPs, TFSAs, GICs, etc.)
- Proof of gifted funds (if family is helping with down payment)
Liabilities
- List of current debts (credit cards, loans, lines of credit)
- Loan or lease documents (e.g., car loans)
Property Details (once found)
- Purchase agreement / MLS listing
- Lawyer or notary information (if already selected)
✅ Refinancing Checklist
If you’re refinancing an existing mortgage, lenders will want updated information:
Mortgage & Property
- Current mortgage statement
- Property tax bill
- Home insurance policy
- Recent property appraisal (if requested)
Income Verification (same as above)
- Recent pay stubs
- Tax returns / Notices of Assessment
- Business financials if self-employed
Debts & Liabilities
- Current statements for credit cards and loans
- Consolidation plan (if refinancing to pay off debts)
✅ Pro Tips to Speed Things Up
- Stay consistent: Avoid changing jobs or making big purchases before closing.
- Be transparent: Lenders will uncover credit issues, so address them upfront.
- Keep copies ready: Having digital versions (PDFs) can save time.
Why This Matters
A complete file means fewer questions, faster approvals, and better negotiating power with lenders. At LendPro, we walk you through every step so you’re never left scrambling for paperwork.
✅ Ready to apply or refinance?
Download our Mortgage & Refinancing Checklist or contact LendPro today — we’ll help you organize everything you need and guide you toward the best rates available.
