iConnect Mortgages Menu

Your
First Home

Buying a home is the largest purchase most people make during their lifetime. And now, more than ever, financial institutions are regularly launching new products and programs, making it easier to get into that new home. Yet it can take longer than it should to get to this milestone when you’re unsure about your options.

At iConnect, we want to make each and every purchaser aware of the many mortgage solutions available to them, in a timely and transparent way. We do this by helping you identify, and take advantage of the best option for you.

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.