iConnect Mortgages Menu

Vacation
Homes

You’ve built yourself a life you’re proud of. One which you work hard to make possible. And now it’s time to invest in a space that helps you recharge, and peacefully enjoy the simple pleasures in life.

iConnect can help you find the best financing options available to purchase a vacation home where you can soak in the lazy days of summer, the breathtaking beauty of the fall, gorgeous Canadian winters and rejuvenating springs.

We’ll help you structure a mortgage that takes every factor into consideration and fully meets the needs of your financial goals.

PROCESS

Purchase Process

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.