Refinance Mortgage Checklist

Mortgage Refinancing Checklist to Organize your Mortgage refinancing efforts.

Checklist for Refinancing a Mortgage – Refinance Documents Checklist

Identification

  • 1 piece on non-expired Government Issued ID (One must be photo – Driver’s or Passport) – may require a second piece of ID at a later date depending on lender
  • Corporate Documents, GST Licence (if self employed)

Income Verification

  • Job Letter – confirming position held, start date, rate of pay (hourly or salary – if hourly indicate hours worked per week)
  • Current pay-stub
  • Financials a/o Notice of Assessments (if self employed)
  • Note: Private Mortgages – sometimes income not required

Situational Requirements

  • Separation Agreement (if applicable)
  • Certificate of Full Performance – Consumer Proposal
  • Certificate of Discharge – Bankruptcy
  • Orderly Payment of Debt (ODP) – Agreement

Property Requirements (as it applies)

  • Mortgage Statement Balance
  • Full appraisal
  • Recent Property Tax Assessment from assessment authority
  • Purchase Agreement
  • MLS listing sheet
  • Copy of 6-month Strata Council Minutes (if applicable) – if purchasing a condo unit
  • Annual General Minutes – (if applicable)

If (Pre)Foreclosure: Demand Notice, Statement of Claim

  • Properties Requirements for additionally owned properties (as it applies)
  • Property Tax Assessment
  • Property Tax Notice
  • Recent Mortgage Statement
  • Rental Agreement (if applicable)

Other

  • Name and Address of lawyer handling mortgage and conveyancing – will be required at later date
  • Copy of “Void” cheque where mortgage payments will be withdrawn (if applicable) – will be required at a later date

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