Mortgage Application - Mortgage Pre-approvals online 24/7

By filling out this secure online application, I/we warrant and confirm that the information given in the mortgage application form is true to the best of our ability. I / We hereby authorize Discount Mortgage Canada Inc. to obtain a credit report and make any necessary inquiries regarding my mortgage application. Under no circumstances will we sell, rent, or release personal information to any third party other than for the sole purpose of arranging financing unless required to by law. Please read our Privacy Policy.  I/We also acknowledge any unnecessary credit inquiries from now, through the application process and until your closing date may affect your rate and mortgage eligibility. Please contact us before making any further credit inquiries. ex. (consolidation loans, applying for credit cards, applying for credit in general).

You understand that is our responsibility to provide all required and requested documentation relating to this mortgage transaction , prior to  mortgage closing; in a timely manner. Documentation includes but not limited to the following as it becomes necessary.
 
For purchases we will require a complete and executed copy of your Purchase and Sale Agreement. If you are selling your current home, we will require the same for that sale as well. 
Employment Letter (that included start date, position, salary or wage and eligibility for overtime if needed) for each applicant. 
Most recent Pay Stub for each applicant with Year To Date total on them 
Your last 2 years (3 preferably) Notice Of Assessment (NOA) from the Canada Revenue Agency (CRA). If you do not have these then you will need to call CRA at 1-800-959-8281 and have them send another copy. This can take up to 2 weeks. 
If your Down-Payment is from your Own Resources then proof of down-payment is required which must include 3 months account history (any large deposits over $2,000 must be explained as to the source and documentation provided) showing regular deposits. 
If your Down-Payment is from a Gift then you will need to provide a Gift Letter stating whom the gift is from, the total gift, the relationship to the person gifting the money (generally must be immediate family), the institution the gift is currently held and proof of this gift. The gift must be in your account no later than 15 days prior to closing. 
If your Down-Payment is from a GIC, RSP or RRSP they must be free and clear (Not Borrowed) and verification must be shown. RRSP's must be in a minimum of 90 days prior to closing, however they may be taken out up to 30 days after closing. 
In addition to your down payment you will be required to provide Proof of Closing Costs which is approximately 1.5% of your purchase price. 
Proof of payment of all debts required to bring the debt servicing in line with the lenders guidelines. 
Prior to closing a mortgage the solicitor will order a Sheriff's Certificate and any outstanding judgements will be shown and must be paid prior to closing. If you are aware of any potential collection, judgements or liens, we suggest that you pull your own Sheriff's Certificate to satisfy yourself that this will not be an issue. 
When refinancing you must provide your current mortgage balance, the amount of the penalty and statement showing that you are up to date and in good standing. 
A copy of the Photo ID (preferably digital photo) of all applicants will be required prior to finalizing your mortgage. 
If you are separated you must provide a copy of your Separation Agreement that includes any support payment schedules or proof that no support is owing. If you are in Business For Self (BFS) then you may be required to provide your Business Registration, recent GST Returns or Articles of Incorporation as proof of business for self. 
Complete contact information for your chosen Solicitor.

After your application has been submitted, we will contact you via email or phone to discuss your application

Personal Information
Applicant
First Name	Last Name	Birth Date	S.I.N.	Marital Status	Dependents

Co-Applicant (if applicable)
First Name	Last Name	Birth Date	S.I.N.	Marital Status	Dependents

Contact Information
Applicant
Home Phone	Work Phone	Cell Phone	Email Address

Preferred contact method: Home Work Cell Email All			Preferred contact time:
Co-Applicant (if applicable)
Home Phone	Work Phone	Cell Phone	Email Address

Preferred contact method: Home Work Cell Email All			Preferred contact time:

Residence Information - (last 3 years)
Street Address	City, Province, Postal Code	How Long	Status
Present		Year Month

Previous #1

Previous #2

Employment Information - (last 3 years)
Employer	City	Position	How Long	Income/Year
Applicant			Year Month
				$
				$
Co-applicant
				$
				$


Net Worth - Assets		Outstanding Debts
Description	Value	Description	Balance	Payment
Savings	$		$	$
Chequing	$		$	$
Bonds	$		$	$
R.R.S.P.'s	$		$	$
Vehicle Make & Model		Loans
	$		$	$
	$		$	$
Life Insurance (csv)	$		$	$
Other Asset	$		$	$
Other Asset	$

Current Residence
Landlord OR Mtg Holder Pmt Frequency	Pmt Amount	Mtg Balance	Maturity Date	Home Value
	$	$		$

New Property Information
Property Address	Property Type	Purchase Price	Down Payment / Equity	Closing/Possession Date
		$	$