Debt Consolidation

Debt, while it can be necessary to assume, can also have a crippling effect on your sense of freedom and your peace of mind.

We can help you clear out the clutter and find solutions to reduce the amount of interest that you are currently paying and your overall payments as well.

By exploring solutions like utilizing the equity in your home or consolidating your debts into a lower rate mortgage, we can help you more effectively and efficiently manage your payments.

At iConnect we strive to simplify your finances and connect you to the best solutions that free you up to live the life you deserve.

Process


Get Prepared
And Gather
Documents

Find A
Mortgage
Broker

Order
Appraisal

Submit
Application

Underwriting
Review

Review Loan
Approval And
Conditions

Consult A
Lawyer

Sign Loan
Documents

Complete The
Transaction

Documents Required

REQUIRED MORTGAGE DOCUMENTS

Employment and Income Verification

  • Current employment and amount of income such as:
    • Copy of recent pay slips
    • Evidence of recent pay deposited electronically
    • T1 General and associa
  • Previous employment (if required)
  • Additional income sources (if any)

Basic Financials

  • A list of current assets and liabilities
  • Bank account and transit number for payments

Confirmation of Your Down Payment

  • Savings or investments statement from within the last 90 days
  • Sale of an existing property – a copy of the sale agreement
  • Withdrawal from RRSP through the Home Buyer’s Plan, if applicable
  • Gift Letter

Property Details

  • A copy of the real estate listing
  • A copy of the accepted purchase and sale agreement
  • The property’s full address, including legal description and postal code
  • Property tax estimates, condo fees and heating costs, (usually available on the real estate listing)
  • For rural properties, well and septic certificates
  • Lawyer’s name, address, postal code, telephone and fax number

The information noted above is not exhaustive: additional documents and/or information may be requested when you apply for a mortgage. The Required Mortgage Documents Checklist has been developed for guideline purposes only.

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