Mortgage documentation requirements
Required Mortgage Documents
Salaried/Hourly Employees- Job Letter (How long on Job and Gross Annual Earnings)
- Most Recent Pay Stub
- Salaried/Hourly Employee with Overtime/Bonus Income
- Above plus Two years NOA's or T4's
- Last Two Years Revenue Canada Notice of Assessment (NOA), this form is required to confirm tax returns were filed
- This form is mailed to you by Revenue Canada after you file your taxes.
- Last Two Years of T1 Generals (First two pages only)
- Last Two Years Financial Statements if incorporated.
- Last Two Years of Statement of Business Activities if a Proprietor
- If it is coming from Savings, we require three months bank statements showing the amount being saved.
- If it is coming from a Gift, we require a signed gift letter. CMHC/GE required that the gift be deposited into the bank 15 days prior to the possession of your new home.
- If it is from the sale of your home, we need a copy of the offer to purchase and waiver(s) of sale of existing home, with corresponding mortgage statements.
Other Documentation
- Offer to Purchase & Feature Sheet
- Copy of Seperation Agreement if applicant is Seperated or Divorced
- Lawyers Name and Address
Phone 1-866-509-1090
to speak to a Mortgage Broker.
Best Calgary Mortgage Rates
| Prime Rate (P) | 4.00 |
| Closed Variable | P + 1 |
| Open Variable | P+1.5 |
| ----------------- | |
| 6 Month Closed | 6.35 |
| 1 Year Closed | 4.35 |
| 2 Year Closed | 5.29 |
| 3 Year Closed | 5.15 |
| 4 Year Closed | 5.34 |
| 5 Year Closed | 5.40 |
| 7 Year Closed | 6.05 |
| 10 Year Closed | 6.15 |
| 15 Year Closed | 6.55 |
| 18 Year Closed | 6.55 |
| 25 Year Closed | 6.65 |
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