+1 888 882 0786

What Documents Are Part of The Mortgage Process?


Mortgage paperwork is mostly about providing documents that show how much you earn, where you’ve lived, monthly debts and account balances. You can provide much of this information in person or on your application; however, there are several additional documents you may need to provide depending on where you are in the mortgage approval process.



Mortgage Prequalification Checklist

Getting prequalified is convenient. Here’s what we’ll need from you:

  • Your name (and any other buyers’ names)
  • Current address
  • Estimated annual household income
  • Estimated monthly household debt expenses


Mortgage prequalification is an assessment of whether your debt-to-income ratio fits mortgage guidelines and provides an estimate of the amount you may be able to borrow. Prequalification is optional, but it’s a helpful step in the process of buying a house.



Mortgage Pre-Approval Checklist

Whether you’ve completed the prequalification process with Resourceful Capital Financial Corporation or not you can apply for pre-approval at any time. The first step is to complete a full mortgage loan application, including the following information.

This is a partial list; your mortgage broker can tell you about any additional requirements.



Residential History

  • Your residential address for the past two years
  • Landlord names and addresses for the last two years, if you rented during that time

Employment & Income History

For salaried (employed) applicants:

  • 2 recent paystubs from the last 30 days showing your year-to-date earnings
  • Employment Letter
  • T4 or Notice of Assessment (from CRA) for the past two years

For self employed applicants

  • T1 Generals and Notice of Assessment (from CRA) for past two years


Personal Assets

  • Bank account statements from the 3 most recent months for all checking and savings accounts
  • Other asset statements from the past 3 months for any RRSPs, GICs, stocks, bonds or other securities you intend to use for your down payment
  • Current real estate holdings, including property address, current market value, mortgage lender’s name, balance and monthly payment

Personal Debt

  • A list of any new monthly debts not listed on your credit report (auto loans, student loans, mortgage loans, credit cards, etc.), including creditor name, address, account number, minimum monthly payment amount and outstanding balance on each account


Additional documents may be required at your mortgage closing. Your mortgage broker will let you know which documents will be needed when you close on your home and they’ll work closely with you at each step of the mortgage process.

Share Button

Mortgage Rates
STOP! Before you apply for a mortgage through your bank, make sure you are getting the best rate! Compare the best mortgage rates in Canada right now. It will take only a minute, but you will be surprised just how much you can save! We at Resourceful Capital Financial Corporation source our rates from all financial institutions, not just the one's that deal with us. To make sure you make a sound and prudent financial decision and get the best possible mortgage.
Refinance Calculator
Resourceful Capital Financial Corporation's refinancing calculator will help you decide whether to refinance your existing mortgage at a lower interest rate.