Documents Required for Self-Employed Applicants
for Refinance and Renewal Applications
(if you are an employee click here)

I will send you a checklist as soon as you have completed your mortgage application, but for reference purposes here is a summary of the documentation lenders generally ask for:

PERSONAL INFORMATION

Income Verification for Self-Employed Applicants

• Notice of Assessments for the last 2 years
• Financial statements for the last 2 years (if incorporated)
• Business license
• Copy of photo ID and one other form of ID

Other Income Related Documents

• Proof of down payment (3 months of account statements or gift letter)
• Divorce/separation agreement (if applicable)
• Child support order/agreement (if applicable)
• Void cheque from account to be used for mortgage payments

Credit Verification

• An up-to-date credit report, which I will submit on your behalf as part of the mortgage application

Client Consent Form

• By signing this consent, you allow me to use your personal information for the specific purposes outlined in the form (i.e. to apply for a loan on your behalf) 

PROPERTY INFORMATION

Information Specific to Refinance Transactions

• Copy of current mortgage statement
• Copy of mortgage repayment history (if requested)
• Property Tax statement
• Status Certificate and Master Insurance Policy (for condominiums only)

DISCLOSURE DOCUMENTATION

• Signed lender commitment. Once you have reviewed the borrower disclosure, if you are satisfied with the terms therein, I will return a signed copy to the lender which will lock in the rate and terms (usually for 60 days)
• Signed borrower disclosure. If the lender approves your application, they will send us back a commitment letter, which is not always presented in a user friendly format. To address this, I provide you with a borrower disclosure which outlines the risks, costs, rights and obligations, conflicts of interest and any other important information associated with the mortgage that you need to know in order to make an informed decision. Once you have reviewed this document and are satisfied that you understand it, I require a signed copy