Pre-Approval Documents

When you get to the pre-approval stage, here’s what you’ll need to show your bank or broker:

 •Personal identification: including driver’s license and proof of address
 •Income details: employment & salary confirmation (a letter from your employer) Previous year T4
 •Income other: Details about any other income sources
 •Info about bank accounts, loans and other debts
 •Proof of financial assets
 •Verification of the down payment and funds to cover the closing cost – the down payment must be a minimum of 5% of the purchase price, and the closing costs usually come up between 1.5% and 4% of the purchase price