Documents Required Canada - ijaraCDC

Documents Required Canada

Purchase

Below are the list of required documents for pre-approval:

Applicant:

– Clear copy of ID (driver’s license, Passport, etc.)
– Clear copy of SIN card
– Letter of employment
– T4 for last 2 year (2012 2011 or 2013 when applicable)
– Notice of Assessment from 2 most recent tax year to show if there are any taxes owed
– Last 3 months of Official Bank statements (or RRSP Statements) — all pages, even if intentionally blank with account ownership details
– Last 3 months of Pay Stub / Pay Slip

if self-employed additional documents needed:

– T1 Generals for last 2 year (2012 2011 or 2013 when applicable)
– Financial Statement / Financial Report of your business
– Copy of Articles of Incorporation, showing that you are the owner/ directors of the corporation

for final approval (Purchase) client must send the above documents along with:

– Firm Purchase Agreement (all pages including shcedules, plan, disclosures if any)
– Property’s MLS Listing
– Copy of initial deposit receipt made to the seller/builder
– Bank statement showing the withdrawal of the inital deposit to the seller/builder

 

Refinance
Below are the list of required documents:

Applicant:

– Clear copy of ID (driver’s license, Passport, etc)
– Clear copy of SIN card
– Letter of employment
– Notice of Assessment from 2 most recent tax year to show if there are any taxes owed
– Last 3 months of Official Bank statements (or RRSP Statements) — all pages, even if intentionally blank with account ownership details
– Last 3 months of Pay Stub / Pay Slip
– Last Mortgage Statement (or paid off statement)
– Most Recent Homeowner Insurance,
– Property Tax Bill for subject property

if self-employed additional documents needed:

– T1 General for last 2 year (2012 2011 or 2013 when applicable)
– Financial Statement / Financial Report of your business
– Copy of Articles of Incorporation, showing that you are the owner/ directors of the corporation

other than the above-mentioned documents, please complete the following question:
– What was the original purchase price of this Property?
– When was it purchased?
– What is the total property tax?
– What do you think it is worth today?
– What is the current balance?
– Do you need to take equity out? If not, what is the balance you would like to refinance?
– What is your present rate?
– How soon would you like to close this deal?