In order to process your mortgage application, Sherwood Park mortgage brokers require documentation to support your mortgage application. Please note that there may be other conditions not listed here that they might require.

Proof of Income
Please provide the following documents for proof of income:  

Employees:

• Employment confirmation letter
  • If you are salary, confirm your salary amount and length of employment
  • If you are paid hourly, confirm your pay per hour, number of hours worked per week, and length of employment
• A current pay slip
• A T4 or Notice of Assessment*

Commissioned or self-employed:

• Three years of financial statements
• Three years of Notices of Assessment

Down Payment Verification
CMHC, GE, and AIG usually do not allow a down payment to be borrowed. This is why we verify the source of your down payment.

Please provide the following documents:

• If your down payment is from savings in your bank account, provide three full months of bank statements. The statements must state your account number and name.
• If your down payment is from investments (RSP, GIC, stocks, bonds), provide a copy of a recent account statement. To use as downpayment you must own the investment for a minimum of 90 days.
• If your down payment is a gift, a “gift letter” is required together with proof that the funds have been deposited into your bank account.

Additional Documentation    

Please provide the following additional documentation:   

• Offer to Purchase and MLS listing for the new property
 
• Offer to Purchase and all condition removals   for the sale of your existing
  residence (if applicable)
 
• Void cheque for the account from where mortgage   payments will be withdrawn
 
• Name of the lawyer you will use for this transaction
 

*Notice of Assessment is the summary form Revenue Canada sends after your income tax has been filed. It details what you claimed on your taxes last year. If you do not have a copy of your Notice of Assessment, you can call Revenue Canada at 1-800-959-8281 to request a copy. Please allow for a minimum delivery time of 2 weeks. Alternatively, you can apply for an ePass account which provides instant access to your most recent Notice of Assessment. Simply go to www.cra-arc.gc.ca/ and click on My Account to sign up.

In order to process your mortgage application, Sherwood Park mortgage brokers require documentation to support your mortgage application. Please note that there may be other conditions not listed here that they might require.

Proof of Income
Please provide the following documents for proof of income:  

Employees:

• Employment confirmation letter
  • If you are salary, confirm your salary amount and length of employment
  • If you are paid hourly, confirm your pay per hour, number of hours worked per week, and length of employment
• A current pay slip
• A T4 or Notice of Assessment*

Commissioned or self-employed:

• Three years of financial statements
• Three years of Notices of Assessment

Down Payment Verification
CMHC, GE, and AIG usually do not allow a down payment to be borrowed. This is why we verify the source of your down payment.

Please provide the following documents:

• If your down payment is from savings in your bank account, provide three full months of bank statements. The statements must state your account number and name.
• If your down payment is from investments (RSP, GIC, stocks, bonds), provide a copy of a recent account statement. To use as downpayment you must own the investment for a minimum of 90 days.
• If your down payment is a gift, a “gift letter” is required together with proof that the funds have been deposited into your bank account.

Additional Documentation    

Please provide the following additional documentation:   

• Offer to Purchase and MLS listing for the new property
 
• Offer to Purchase and all condition removals   for the sale of your existing
  residence (if applicable)
 
• Void cheque for the account from where mortgage   payments will be withdrawn
 
• Name of the lawyer you will use for this transaction
 

*Notice of Assessment is the summary form Revenue Canada sends after your income tax has been filed. It details what you claimed on your taxes last year. If you do not have a copy of your Notice of Assessment, you can call Revenue Canada at 1-800-959-8281 to request a copy. Please allow for a minimum delivery time of 2 weeks. Alternatively, you can apply for an ePass account which provides instant access to your most recent Notice of Assessment. Simply go to www.cra-arc.gc.ca/ and click on My Account to sign up.