Finalizing Your Mortgage
Your offer has been accepted. You've reviewed your mortgage options and now need to finalize your mortgage agreement. Here is a list of the paperwork you'll need to bring with you to complete your CIBC Mortgage.
About your employment
- Written confirmation of your employment status and income verification
- Confirmation of previous employment, if required - if you're self-employed, three years of financial statements and Notice of Assessments
- Written confirmation of any additional income
About your finances
- Your CIBC Pre-Approved Mortgage Certificate, if applicable
- Confirmation of your downpayment (if the downpayment is a gift, a gift letter from the donor is required specifying that the funds do not need to be repaid)
- List of assets and liabilities
- Bank account number and transit number for payments
About your new home
- A copy of the accepted Purchase and Sale Agreement
- A copy of the real estate listing
- Full address of property, including legal description and postal code
- Lawyer's name, address, postal code, telephone and fax number
- Heating costs, property tax estimates and condo fees (usually available on the real estate listing)
- Well and septic certificates (for rural properties)
The information in this article is general only; it is not intended as specific investment, financial, accounting, legal or tax advice for any individual.
Copyright® 2009 Canadian Imperial Bank of Commerce. All rights reserved.
