Looking for a speedy approval. When working with your Jencor Mortgage Advisor they will ask for certain documentation. Like you, the required mortgage documentation can be unique too. Below is a common checklist that will help you prepare to make the mortgage process easier. Depending on the complexity of the application further documentation may be requested.
Our Checklist types are:
Purchase
• Offer to Purchase
a) Signed by all parties
b) Copy of cheque deposit
• MLS Listing, or FSBO website listing
• Income Confirmation - Employee
a. Salaried employee
i. 2 recent pay stubs
ii. Letter of employment
1. On Company Letterhead
2. Position/Length
3. Income - salaried or hourly
b. Self-employed
i. Notice of Assessment
- 2 previous years
ii. T1 Generals
- 2 previous years
iii. Financial Statements
- 2 previous years (if applicable)
• Downpayment
a) 90 day history of funds
b) Internet or paper statement
• Other Properties?
a) A recent mortgage statement
b) Leases for rental properties
• Recent Mortgage Statement(s)
a) Principle home
b) Other rental properties
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Refinance
• Current Mortgage Statement
• Income Confirmation - Employee
a. Salaried employee
i. 2 recent pay stubs
ii. Letter of employment
1. On Company Letterhead
2. Position/Length
3. Income - salaried or hourly
b. Self-employed
i. Notice of Assessment
- 2 previous years
ii. T1 Generals
- 2 previous years
iii. Financial Statements
- 2 previous years (if applicable)
• Other Properties?
a) A recent mortgage statement
b) Leases for rental properties
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Purchase - Investment Property
• Offer to Purchase
a) Signed by all parties
b) Copy of cheque deposit
• MLS Listing, or FSBO website listing
• Income Confirmation - Employee
a. Salaried employee
i. 2 recent pay stubs
ii. Letter of employment
1. On Company Letterhead
2. Position/Length
3. Income - salaried or hourly
b. Self-employed
i. Notice of Assessment
- 2 previous years
ii. T1 Generals
- 2 previous years
iii. Financial Statements
- 2 previous years (if applicable)
• Downpayment
a) 90 day history of funds
b) Internet or paper statement
• Recent Mortgage Statement(s)
a) Principle home
b) Other rental properties
|
Refinance - Investment Property
• Current Mortgage Statement
• Income Confirmation - Employee
a. Salaried employee
i. 2 recent pay stubs
ii. Letter of employment
1. On Company Letterhead
2. Position/Length
3. Income - salaried or hourly
b. Self-employed
i. Notice of Assessment
- 2 previous years
ii. T1 Generals
- 2 previous years
iii. Financial Statements
- 2 previous years (if applicable)
• Other Properties?
a) A recent mortgage statement
b) Leases for rental properties
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