What You Need When Applying for Financing 

By Michael Sarracini

Being prepared before meeting with your Mortgage Broker or Lender to complete a financing application can make the process more efficient and less stressful. Use this document as a guide to begin preparing your personal documents for your financing application.

Note: This checklist is a general guide only. Each party applying on the financing application should have their own individual set of documents. Show original documents, the broker or lender will take copies if necessary.

Additional documentation may be required during the financing process depending on your personal situation, the type of financing product you chose, and/or the property type.

Mortgage Broker/Lender Application Documents Checklist

General Application Documents

Two (2) Personal Identification Documents
• Examples: Driver’s License, Passport, Proof of Citizenship, Permanent Resident Card, Social Insurance Number
Two (2) Employment and income verification documents (more if applicable)
• If employed: Latest pay statements, most recent T4/W-2, employment letter on company letterhead
• If self-employed: Business license/sole proprietorship/articles of incorporation, business financials 
• Government-issued income forms and/or Notice of Assessment (NOA) for past 2 years 
• Other income: Legal agreements to demonstrate receipt of spousal or child support payment 
• Other compensation: Disability, pension, rental income, etc.
Property Ownership Information (for each property currently owned)
• Recent mortgage statement
• Transfer/Deed of Land
• Charge/Mortgage
• Most recent property tax bill/statement
• Documents verifying heating costs and condo fees
• Insurance policy
Banking Information Including: Financial Institution, Transit Number, Account Number

General Application Documents

Agreement of Purchase and Sale
MLS listing or feature sheet of property
Confirmation of down payment (statements of monies in bank, gift letter, proof of sale, etc.)
Name, address, telephone number, and email of your lawyer/attorney/notary

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About the Author

Michael Sarracini
Michael Sarracini is an expert on creating lifestyle freedom through entrepreneurship and real estate investing. He’s an award-winning entrepreneur, speaker, author and TV celebrity. Michael is the co-founder and CEO of Keyspire.
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Connect Now
contact@keyspire.com
1-888-556-2244
Keyspire Canadian Headquarters
180 Northfield Drive West
Unit 4, 1st Floor
Waterloo, Ontario, Canada 
N2L 0C7
Keyspire American Headquarters
2975 S Rainbow Blvd.
Suite E9
Las Vegas, Nevada, USA
89146
Need Help? HAve questions? please call 1-888-556-2244 or e-mail contact@keyspire.com

By using this website you agree to the terms of service and privacy policy
Any published prices are subject to change without notice
Copyright© 2008-2021 Keyspire® Group Inc. All Rights Reserved. Keyspire®, Keyspire® and design, KNOWLEDGE EMPOWERS YOU, THE WEALTH TOUR, The Real Estate MASTERCLASS, and certain other names, words, logos, slogans and images used on this website (collectively, the "Trademarks") are trademarks of Keyspire® Group Inc. Keyspire®, and Keyspire® and design, are registered by Keyspire® Group Inc. as trademarks in Canada and the United States. The Trademarks are used, and the related goods and services are distributed, in the United States by Invantage USA Inc. under license from Keyspire® Group Inc. No portion of this site may be reused or reproduced without the prior written consent of such owner and distributor.
Keyspire Group Inc  |   Copyright ©2008-2021   All Rights Reserved