You will need the following information when applying for a BMO mortgage:

• Purchase and Sale Agreement(s), including all schedules and waivers
• MLS Listing with photo
• Property tax estimates, condo fees, and heating costs
• Contact information of your solicitor or notary
• Contact information of your real estate agent
• The individual who the appraiser can contact to coordinate access to the property
• Recent mortgage statement
• Most recent property tax assessment
• Current homeowner insurance policy
• Legal description of your property
• The individual who the appraiser can contact to coordinate access to the property
• Copy of latest pay slip with employer name
• Letter of employment signed by employer
• Most recent T4
• If you are either self-employed or have commission-based income, you’ll need the last two years of tax returns (T1 General) and corresponding Notice of Assessment AND any one of the following:
• Statement of business activities for the respective tax years
• Audited financial statements for the business for the respective tax years
• Financial statements accompanied by a Review Engagement
• Report signed by a practicing accountant
• Notice to Reader financial statements prepared by an accredited professional accountant for the respective tax years
• Most recent years’ tax returns (T1 General) and corresponding Notice of Assessment
• Savings and investment statement(s) with your name from within the last 90 days
• If you are selling an existing property – a copy of the sales agreement
• Gift Letter (if applicable) – a Gift Letter will be provided for you to be signed by the individual providing the funds
• Withdrawal from RRSP through the Home Buyer’s Plan (if applicable)

You should also have the following available:

• Your banking information or a void cheque
• Two pieces of valid personal identification (driver’s license, passport, or government-issued ID)
• If you are consolidating debt, please bring copies of your current statement(s) with balance and account details