What documents do I need to provide to get a MogoMortgage?

Last Updated: Aug 11, 2017 03:45PM PDT

Mortgage applications typically require a lot of documents, but don’t worry, we’ll work with you to to collect the documents and make this process as simple and painless as possible.
 
Here are a few of the typical documents that you’ll need:

Income:

Salaried:
  • Current pay stub
  • Letter of employment (must be on company letterhead and have the following: outline of compensation, year-to-date (YTD) earnings, job tenure, supervisor, or HR contact info)
 
Hourly Income:
  • Current pay stub
  • Letter of employment (must be on company letterhead and have the following: outline of compensation, year-to-date (YTD) earnings, job tenure, supervisor, or HR contact info)
  • T4s or Notices of Assessment from the last two years (NOAs are two-page documents summarizing your annual income that the CRA sends you after you file your taxes)
 
Base + commission income:
  • Notices of Assessment from the last two years (NOAs are two-page documents summarizing your annual income that the CRA sends you after you file your taxes)
  • Letter of employment (must be on company letterhead and have the following: outline of compensation, year-to-date (YTD) earnings, job tenure, supervisor, or HR contact info)
 
Commission:
  • Notices of Assessment from the last two years (NOAs are two-page documents summarizing your annual income that the CRA sends you after you file your taxes)
  • Statement of YTD earnings
  • Tax returns from the last two years
 
Self-employed:
  • Notices of Assessment from the last two years (NOAs are two-page documents summarizing your annual income that the CRA sends you after you file your taxes)
  • Tax returns from the last two years
  • Proof of being self-employed such as one of the following:  GST Number, Articles of Incorporation, Statement of Business Activity from your Tax Return, Business License,  
 
Pension:
  • Notices of Assessment from the last two years (NOAs are two-page documents summarizing your annual income that the CRA sends you after you file your taxes)
  • Statement of pension income or bank statements from the last three months showing pension deposits
 
Maternity:
  • Notices of Assessment from the last two years (NOAs are two-page documents summarizing your annual income that the CRA sends you after you file your taxes)
  • Letter of employment stating your return to work date (must be on company letterhead and have the following: outline of compensation, year-to-date (YTD) earnings, job tenure, supervisor, or HR contact info)

Down Payment Confirmation:
 
If you saved up for a down payment
  • Bank or investment statements from the last three months from the account that holds your down payment
 
If you received a gift from an immediate family member for a down payment
  • A gift letter and confirmation of that gift in your account at least 15 days before possession
  • A gift letter signed by the donor
  • A bank statement showing the funds in the donor’s account
  • A bank statement showing the gifted funds now in the applicant’s (in this case probably your) account
 
Down payment from property sale proceeds:
  • Firm sale agreements on the property showing the market value
  • A recent mortgage statement showing your updated mortgage balance

Property Documents:
 
Purchasing a home:
We’ll work with your realtor to get the property documents!
 
Renewal or Refinance:
  • Appraisal (sometimes)
  • Confirmation of property taxes
  • Confirmation of fire insurance policy
  • If your home is a strata, we’ll need the strata form B

MogoMortgage is offered by Mogo Mortgage Technology Inc. o/a MogoMortgage (Ontario: FSCO License No. 12836)

Was this article helpful?

bede8a137f377f2fb5d881fe5b5974ac@mogo.desk-mail.com
https://cdn.desk.com/
false
desk
results found
en
Loading
seconds ago
a minute ago
minutes ago
an hour ago
hours ago
a day ago
days ago
about
false
Invalid characters found
/customer/en/portal/articles/autocomplete?b_id=16488