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What to Bring to your Mortgage Appointment

We’re looking forward to meeting with you to talk about your mortgage. Come prepared, this will allow us to provide you with a quick turnaround time on your mortgage request. Make sure you have everything you need for your appointment by following the tips below:

Collect Important Documents

When you go to your mortgage appointment make sure to bring the documents you need. You will need to bring:

Income confirmation

  • Not self-employed:
    • Current employment information including employer name, your occupation, employer phone number, and up to 3 years’ history of employers
    • current pay stubs, if you have multiple jobs, bring a paystub for each job
    • If retired, proof of all pension and investment income
    • most recent T4s (including T4A, T4RIF if applicable) or Notice of Assessment
      • If you earn variable income such as commission, bring at least two years’ Notice of Assessments
    • Formal bank statement for your primary bank account, if you don’t already bank with Westoba.
  • Self-employed:
      • T1 General and Notice of Assessments for 3 years
      • Formal personal and business primary bank statements if you don’t already bank with Westoba
      • Proof of business ownership
  • Other income sources, if applicable such as:
      • Signed contracts that will provide income
      • Letter of employment if available
      • Investment income
      • Court-ordered separation agreements
      • Disability benefits
      • Proof of Child Tax Credit
      • Signed, recent rental agreements if you own rental properties

Other important documentation, where applicable:

  • a valid government-issued ID
    • If your home address is not current or listed on your ID, please bring a recent utility bill showing your name and address
  • confirmation of down payment
  • listing of assets and liabilities including:
    • investments
    • vehicles
    • credit cards
    • loans
    • mortgages outstanding
  • Lawyers’ contact information, if you already have one
  • Details of any existing insurance protection plans, both private and through your employer, if applicable. We will also review optional payment protection available through us.
  • Details of any prior arrears, collections, consumer proposals or bankruptcies
  • Estimated valuation of home, if you already own your home
  • Confirmation of property taxes paid to the municipality if you already own your home
  • Proof of fire insurance, if you already own your home
  • Official bank statement showing mortgage if you already own your home
  • 3 years’ home address history

Additional information may be requested depending on your unique circumstances. If you are unsure, please call us at 1-877-937-8622, we would be happy to assist you.

2. Come with questions!

Whether you’re a first-time homebuyer, or you’re renewing, or refinancing; buying a home can be complicated. Our mortgage specialists are ready to answer any questions you might have and help you get a mortgage that makes sense to you financially.

 

Questions about your upcoming appointment? We can answer them! Call 1-877-WESTOBA or email us at infowcul@westoba.com