Pulling together the right documents can help your mortgage approval go quickly and smoothly.
Whether you are buying a new home or refinancing your existing mortgage, by taking a few moments to ensure you have the documents listed below when you meet with your mortgage specialist, you'll help the bank finalize the mortgage approval you are requesting.
Your mortgage specialist will ultimately ask for a list of documents based on your specific situation, but here is a basic checklist that will help you get prepared.
Buying a home? You will need information that describes the property you are buying.
- Purchase and sale agreement
- Property listing details from your real estate agent
Confirmation of your down payment.
- Savings or investment statements for the last 90 days.
- Down payment coming from the sale of an existing property? A copy of the sale agreement is required.
- Gift letter (if your down payment is a gift from someon)
- Withdrawal confirmation from your RRSP if the down payment is under the Home Buyers Plan.
Employment and income verification. Whether you are working for someone or self employed, these documents are a crucial part of your application.
- Copy of your latest pay slip and letter of employment
- T4 and Notice of Assessment
- Business financial statements if self employed.
- T1 General
- Legal agreements to support other income such as spousal or child support payments.
- Other compensation (disability, pension, rental income, etc.)
Do you currently own your home? Information relating to your existing property or properties will help your bank understand important details about the property you wish to finance.
- Recent mortgage statement
- Most recent property tax bill or statement
- Documents verifying heating costs and condo fees
- Legal description of your property (you can find this on your property tax statement or original purchase agreement)
Provided by Kevin Lutz, RBC Regional Sales Manager, Residential Mortgages
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
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