We’ll need to collect some information for your application. Having it ready will help speed up your approval. Here’s what you need to have on hand:

• Personal information – We’ll need your name, date of birth, legal and/or mailing address, phone number, email, Social Insurance Number, government-issued photo ID, marital status, number of children, occupation, and name of your employer.
• Proof of your income in two different forms – You can provide us with a copy of two current paystubs, a letter of employment, your most recent T4 slip, your most recent Tax Return or Notice of Assessment.
• Detailed list of your assets and liabilities – For example, for a vehicle that you own, we would need the year, make & model, as well as it’s approximate current value. For savings or investments, we need to know what type of investments you have, where they’re held, and what their current value is. For liabilities, we’ll need a list of things you owe money on such as credit cards, loans, or support payments.
• Proof of where your down payment is coming from – Some common sources include personal savings, an RRSP withdrawal, a non-repayable gift from an immediate family member, proceeds from the sale of other property, and funds borrowed against proven assets.

Note: We’ll also need to pull a credit report. At least one of the applicants must have a credit score greater than 600 to qualify.