Mortgage Documents
Document collection is an important part of the mortgage process. When we originally go through a mortgage application together, it is important that we collect documents that support the information on the application.
We will need to supply the lender with these documents when it becomes time to arrange financing.
The lender will review all of the documentation and ensure that you meet their lending requirements before they fund the mortgage. The lender also uses the documentation you provide to justify why they approved the mortgage financing.
Below, I have listed a few of the common documents required by mortgage lenders. I have provided a brief description of what information that must be included on each document, where you can access the document as well as a sample of each document for you to look at for reference. The document requirements may vary depending on how you earn income and your residency status in Canada.
We will need to supply the lender with these documents when it becomes time to arrange financing.
The lender will review all of the documentation and ensure that you meet their lending requirements before they fund the mortgage. The lender also uses the documentation you provide to justify why they approved the mortgage financing.
Below, I have listed a few of the common documents required by mortgage lenders. I have provided a brief description of what information that must be included on each document, where you can access the document as well as a sample of each document for you to look at for reference. The document requirements may vary depending on how you earn income and your residency status in Canada.
Letter of EmploymentA Employment Letter includes the company letterhead, your start date, position, and your salary or hourly wage along with guaranteed hours. Your employer must also sign the bottom of the document.
This document is used to confirm the status and details of your current employment. You can obtain this document from your HR department or through a manager or supervisor at your workplace. |
T1 GeneralThe T1 General is the main document used to file your personal income taxes and acts as a summary of all the other forms you complete for your income taxes. This document package can can have multiple pages and the lender will require all pages to be submitted.
You may need to contact your accountant to retrieve this document as your CRA account will only provide you with a summary page rather than the full document. |
T4 Employment IncomeA T4 is a summary of your employment earnings and deductions for the year. If you have worked for more than one employer in any given year you may receive more than one T4. If so, please be sure to combine separate documents into one file before uploading.
I will need the original copy from your employer which will include your name. This document can also be found on your “My CRA” online account but those copies do not have your name and a lender will not accept it. |
Notice Of Assessment(NOA) is an evaluation of your tax return that the Canada Revenue Agency sends you every year after you file your tax return. This document can have between 3 to 5 separate pages. The lender will require all pages.
The original copy is preferred but this document can also be found on your “My CRA” online account. |
90 Day History (Bank Statements)Due to anti-money-laundering regulations that all lenders have to follow, you are required to provide the lender with a 90 day history of any account used to source your down payment or closing costs.
These rules are in place to try and prevent people from using money acquired through illegal methods to purchase real estate. These documents will also prove that you have access to enough funds to cover the expenses involved with purchasing a property. |
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Castle Mortgage Group
100-1345 Waverley Street
Winnipeg, MB, Canada
R3T 5Y7
100-1345 Waverley Street
Winnipeg, MB, Canada
R3T 5Y7