Prepare to apply

From application to closing, it's easy to get a mortgage with us. Our dedicated mortgage specialists are here to help every step of the way.

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Prepare to apply

Understand the mortgage application process

Our dedicated mortgage specialists will keep you up-to-date with the status of your application.

Before you apply

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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.

Not yet ready to apply? We're here to help you understand your options.

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When you apply

What we look for

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

How we let you know

We'll reach out to you by phone to discuss your application and outline next steps.

Protect your investment

Protect one of your family’s biggest assets with Mortgage Life Insurance^ⓘ. It helps with paying off or reducing your mortgage loan if you were to pass away.

Mortgage Life Insurance is underwritten by The Canada Life Assurance Company (Canada Life). Purchase of this insurance is optional and isn’t required to obtain any CIBC product or service.

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

Property and lawyer details:

Copy of real estate listing with property’s full address and postal code
Copy of accepted purchase and sale agreement
Property tax estimates, fees and costs, including heating
Lawyer’s name, address, postal code, telephone and fax number

Show list of documents

After the decision

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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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How to manage your mortgage

Register and sign on to Simplii Financial™ Online Banking or the Mobile Banking App to manage your mortgage. Your mortgage specialist will contact you when it's time to renew.

How to apply for a mortgage

Request a mortgage pre-approval

Don't miss out on your dream home. Make an offer with the comfort of knowing how much you may qualify for.

Rate guarantee
Lock down your rate for 120 days^ⓘ on select fixed rate mortgages

Get pre-approved

Submit an application

Already found your new home? It's easy to start the application process online.

Special offer
Make your house a home with up to $3,000^ⓘ cash bonus. Tell me moreabout getting a cash bonus on my Simplii Financial mortgage.

Apply online

Learn about mortgages
Home buying made simple every step of the way

Compare mortgage options
Get to know our great rates and mortgage products

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

Get dedicated support when you need it

No need to make an appointment or rearrange your schedule to get your questions answered. Our mortgage specialists will get back to you within one business day.

Request a call

"My mission is to listen and understand your needs and focus on giving you the most suitable solution with the highest level of service."

– Roy L., Mortgage Specialist