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Preparing to apply

Find out what you’ll need when applying for a mortgage.

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Preparing to apply

Understand the mortgage application process

Simplii Financial™, a division of CIBC, can connect you with an expert CIBC mortgage specialist. Whether you’re navigating mortgage options or seeking advice, a specialist will be there to guide you at every stage.

Create a budget and start saving

Save money for your down payment
Calculate how much you can afford using our mortgage affordability calculator
Budget an extra 2 to 4% of the purchase price for closing and other costs

Tell me more about mortgages

Check your credit history

A healthy credit score can improve your chances of getting a mortgage.

What lenders look for

Established credit history
Stable source of income
Debt-to-income ratio

Gather all required documents

Your mortgage specialist will let you know what documents to provide. They can include proof of income, down payment and finances, among others.

Proof of employment and income:

T1 General Income Tax Return and Notice of Assessment from Revenue Canada
Copy of recent pay stubs and recent pay deposited into your bank account
T4 slip from employer
Record of previous employment, if required
Proof of additional income sources, if any

Proof of down payment and finances:

Savings or investment statements from the last 90 days
List of all current assets and liabilities
Bank account and transit number
Pre-approval certificate, if applicable
RRSP withdrawal through Home Buyers’ Plan, if applicable
Gift letter, if applicable

Proof of employment and income:

T1 General Income Tax Return and Notice of Assessment from Revenue Canada
Copy of recent pay stubs and recent pay deposited into your bank account
T4 slip from employer
Record of previous employment, if required
Proof of additional income sources, if any

Show list of documents

What you'll receive

Your mortgage specialist will reach out to you and provide a mortgage commitment letter. They'll also outline any remaining details.

Things to do before closing

Review all loan documents, forms and paperwork
Make sure you have money saved for closing costs
Meet with your lawyer to sign any final documents

Before you apply

Create a budget and start saving

Save money for your down payment
Calculate how much you can afford using our mortgage affordability calculator
Budget an extra 2 to 4% of the purchase price for closing and other costs

Tell me more about mortgages

Check your credit history

A healthy credit score can improve your chances of getting a mortgage.

When you apply

What lenders look for

Established credit history
Stable source of income
Debt-to-income ratio

Gather all required documents

Your mortgage specialist will let you know what documents to provide. They can include proof of income, down payment and finances, among others.

Proof of employment and income:

T1 General Income Tax Return and Notice of Assessment from Revenue Canada
Copy of recent pay stubs and recent pay deposited into your bank account
T4 slip from employer
Record of previous employment, if required
Proof of additional income sources, if any

Proof of down payment and finances:

Savings or investment statements from the last 90 days
List of all current assets and liabilities
Bank account and transit number
Pre-approval certificate, if applicable
RRSP withdrawal through Home Buyers’ Plan, if applicable
Gift letter, if applicable

Proof of employment and income:

T1 General Income Tax Return and Notice of Assessment from Revenue Canada
Copy of recent pay stubs and recent pay deposited into your bank account
T4 slip from employer
Record of previous employment, if required
Proof of additional income sources, if any

Show list of documents

After the decision

What you'll receive

Your mortgage specialist will reach out to you and provide a mortgage commitment letter. They'll also outline any remaining details.

Things to do before closing

Review all loan documents, forms and paperwork
Make sure you have money saved for closing costs
Meet with your lawyer to sign any final documents

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Home buying made simple every step of the way

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Get to know our great rates and mortgage products

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Preparing to apply
Find out what documents you need for a mortgage

Can't find what you're looking for?

Get dedicated support when you need it

No need to make an appointment or rearrange your schedule to get your questions answered. A mortgage specialist will get back to you within 1-2 business days.

Request a call