STEP 3: PREPARATION CHECKLIST

• A STAMP Mortgage Guide will create a personal mortgage document checklist to best position the mortgage application for a fast approval. The client will be required to collect:

Income Documents

• If salary- Letter of Employment (Sample Letter Provided) and Latest Paystub.
• If hourly- Letter of Employment (Sample Letter Provided), latest paystub, last two years of T4s.
• If self employed- Last two years of Notice of Assessment, last two years T1 General, last two years Business Financials, and Incorporation documents (if available).

Down Payment Source

• Lenders will require verification of a 90-day history of funds for down payment. This may include savings account bank statements, investment summary, or gift letter fund confirmation.

Currently Owned Property (If Applicable)

• Provide latest mortgage statement
• Provide latest property tax statement
• Provide rental lease agreement 
• List of document requirements will increase with the complexity of the application.