From Your First Home
To Your Forever Home
We Are With You For All of Life’s Milestone
Your Family Mortgage Brokers
Serving Surrey, Langley and the Lower Mainland
Nobody wants to feel like a customer. With the Ingram Mortgage Team, you’re family. Our Mortgage Family!
Family values guide our customized strategies to help you reach your Mortgage Freedom Day sooner than expected and, at the same time, turn your largest debt into one of your greatest assets.
https://www.high-endrolex.com/32
Your mortgage is the largest debt you will take on. But, if managed properly, it can become your greatest asset.
Testimonials
Mortgage Documents Checklists
Speed up the approval process and be prepared for the application process. We have put together a list of documents needed from you when applying for financing through the Ingram Mortgage Team.
Proof of Down Payment
- If your down payment is coming from savings, a lender will want statements proving that the funds have been accumulated over at least three month’s time.
- If your down payment is a gift, provide a statement showing the funds deposited into your account, and get a signed gift letter.
- If your down payment is coming from the sale of another property, provide a copy of the final sale agreement for that home, as well as its most recent mortgage statement.
- If you are borrowing from a secured line of credit (LOC), you need a copy of the LOC statement showing the funds being withdrawn.
- If you’ve put down a deposit on the property, provide a deposit receipt, plus statement(s) showing the deposit funds being withdrawn from your bank account.
Tips
- Bank or financial statements must always show your name, account number and dates.
- Gifted down payments must generally be from a parent, sibling or grandparent. Otherwise the money may be considered borrowed funds, which may affect your ability to qualify.
- Online statement printouts are fine, as long as all info appears on one page, or if multiple pages, the account number appears on every page.
MLS Listing
- Either an online or Realtor copy is fine.
- If you bought your home on a private listing website (like propertyguys.com), provide that listing instead
Signed Purchase Agreement
- You’ll need to provide the final purchase agreement signed by all parties, with all conditions waived.
Tips
- Make sure it’s legible, all dates are entered and all witness lines have signatures.
Identification
- Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card)
Tips
- All ID text, photos and numbers must be clearly visible
Income Verification
- If your income is salary or wages, provide:
- A recent pay stub showing the pay date, pay amount, your name and the employer’s name
- A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number.
- If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).
- If you are self-employed, provide:
• The most recent two year’s NOAs
• Your business license, articles of incorporation, or GST registration number - If you earn rental income, provide a copy of each lease, as well as either:
• A Canada Revenue Agency T776 Statement of Real Estate Rentals, or
• Two year’s of T1 generals (personal tax returns), or
• Two year’s of NOAs - If you earn Alimony/Child Support, provide NOAs and the full separation/support agreement.
- If on maternity/paternity leave, ensure your job letter shows the return date and salary/income upon return.
Tips
- Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.
A Void Cheque
This cheque is used by the lender to deduct payments from.
Income Verification
- If your income is salary or wages, provide:
1. A recent pay stub showing the pay date, pay amount, your name and the employer’s name
2. A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number. - If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).
- If you are self-employed, provide:
• The most recent two year’s NOAs
• Your business license, articles of incorporation, or GST registration number - If you earn rental income, provide a copy of each lease, as well as either:
• A Canada Revenue Agency T776 Statement of Real Estate Rentals, or
• Two year’s of T1 generals (personal tax returns), or
• Two year’s of NOAs - If you earn Alimony/Child Support, provide NOAs and the full separation/support agreement.
- If on maternity/paternity leave, ensure your job letter shows the return date and salary/income upon return.
Tips
- Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.
Your Most Recent Mortgage Statement
Must show your name, property address, balance or original mortgage amount, and monthly payment.
A Void Cheque
For the lender to deduct payments
Identification
- Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card)
Tips
- All ID text, photos and numbers must be clearly visible
Your Most Recent Mortgage Statement
Must show your name, property address, balance or original mortgage amount, and monthly payment.
Identification
- Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card)
Tips
- All ID text, photos and numbers must be clearly visible
Income Verification
- If your income is salary or wages, provide:
1. A recent pay stub showing the pay date, pay amount, your name and the employer’s name
2. A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number. - If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).
- If you are self-employed, provide:
• The most recent two year’s NOAs
• Your business license, articles of incorporation, or GST registration number - If you earn rental income, provide a copy of each lease, as well as either:
• A Canada Revenue Agency T776 Statement of Real Estate Rentals, or
• Two year’s of T1 generals (personal tax returns), or
• Two year’s of NOAs - If you earn Alimony/Child Support, provide NOAs and the full separation/support agreement.
- If on maternity/paternity leave, ensure your job letter shows the return date and salary/income upon return.
Tips
- Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.
Void Cheque
This cheque is used by the lender to deduct payments from.
A Void Cheque
This cheque is used by the lender to deduct payments from.