Oliver McQuaid, Mortgage Broker

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Regular mortgage qualifying documents:

Most lenders require 1 piece of government photo ID. However, many credit unions require 2 pieces of government issued photo ID.
These can be Driver's license, Passport, BC Services Card
Please provide photo of both front, and back (one photo of passport photo page is sufficient)

Letter of Employment is a letter from your employer that is signed and dated by them, detailing your current work status, wage, position, tenure, hire date, guaranteed hours, and any other details they deem pertinent to your job description.
A Letter of Employment is NOT the original job offer, or hire letter. It is a new document that shows your current employment status. And should contain the employer or supervisor's contact info, so that the lender can verify your work status by contacting them directly.

Please ensure that your paystub is dated within the last 30 days.
Make sure it shows YTD earnings and has your company name as well as your own name on it

All tax returns must contain your name on them to be eligible for mortgage qualifying.
Often, 2 or even 3 most recent years of tax returns are necessary to show an average income to be used for qualifying.
This is most often used when income is considered variable, as in a part-time job, a commission-paid job, or with a contract position.
T1 Generals: These tax returns are a complete summary of all income and expenses for a personal tax return. They will not differentiate between different employers, but will differentiate between different types of income such as employment income, rental property income, EI income, pensions, or self employed income. These can be obtained from whoever did your income taxes if they are not readily available.
T4s: These are required to show your annual income specifically for each job worked. They can be requested from the employer if they are not readily available.

NOAs are your personal Notice of Assessment confirming your income and taxes for that year (Not to be confused with your Notice of Assessment for your property value)
NOAs confirm your taxes after government review and show that they are up to date, with a balance owing, or a refund
These are often required for 2 or 3 years to match with the corresponding T1 Tax Returns to prove income averages over several years.
NOAs are found on your CRA login online. The best version is found in the "MAIL" section because they have your name on them (this is necessary for them to be valid, and some versions will not contain your name).

Bank Statements are used to show a number of things. Most often they show your source of down payment, but can also be used to show certain forms of income.
Bank Statements must always have your name and account number on them to be valid. If you can only get a version of your bank statement with an account number, it can be verified by matching it with another statement from the same account showing name and account number.
Most often, 3 months of Statements are required, but sometimes 1 will suffice and other times, 12 months are needed.
The best form of bank statements are your monthly bank statements found in your online banking. They can often be downloaded and emailed in PDF format.
Screenshots from your phone are often not usable forms of bank statements

Purchase Docs: If you are purchasing a property, you'll need to provide a signed contract, and if it is with a realtor also provide MLS listing and Property Disclosure Statement. Often your realtor can send these directly to me.
Property Tax Notice: Your most recent property tax bill for all currently owned properties. This proves ownership and gives us the numbers we need for qualifying.
Mortgage Statement: Most recent mortgage statement showing mortgage number, lender, remaining balance, regular payments, interest rate. Annual statement is fine if a more recent one is not available.

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