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Best Rate Guarantee

Rates on intelliMortgage.com are commonly the lowest in Canada and always in the best 1%.

If you get a lower rate elsewhere we’ll match it or pay you $500.

Guarantee Details

Hassle-Free Savings

2293

Saving versus average broker rates

4787

Saving versus average bank rates

This is a sample interest savings over five years, based on a $300,000 mortgage, a 25-year amortization and Mortgage Builder rates as of March 14, 2017. OAC.

Documents You'll Need

Proof of Down Payment

  • If your down payment is coming from savings, a lender will want statements proving that the funds have been accumulated over at least three month’s time.
  • If your down payment is a gift, provide a statement showing the funds deposited into your account, and get a signed gift letter.
  • If your down payment is coming from the sale of another property, provide a copy of the final sale agreement for that home, as well as its most recent mortgage statement.
  • If you are borrowing from a secured line of credit (LOC), you need a copy of the LOC statement showing the funds being withdrawn.
  • If you’ve put down a deposit on the property, provide a deposit receipt, plus statement(s) showing the deposit funds being withdrawn from your bank account.

intelliTip

Bank or financial statements must always show your name, account number and dates. Gifted down payments must generally be from a parent, sibling or grandparent. Otherwise the money may be considered borrowed funds, which may affect your ability to qualify. Online statement printouts are fine, as long as all info appears on one page, or if multiple pages, the account number appears on every page.

MLS Listing

  • Either an online or Realtor copy is fine.
  • If you bought your home on a private listing website (like propertyguys.com), provide that listing instead.

Signed Purchase Agreement

  • You’ll need to provide the final purchase agreement signed by all parties, with all conditions waived.

intelliTip

Make sure it’s legible, all dates are entered and all witness lines have signatures.

Identification

  • Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card).

intelliTip

All ID text, photos and numbers must be clearly visible.

Income Verification

    • If your income is salary or wages, provide:
      1. A recent pay stub showing the pay date, pay amount, your name and the employer’s name.
      2. A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number.
    • If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).
    • If you are self-employed, provide:
      • The most recent two years’ NOAs
      • Your business license, articles of incorporation, or GST registration number
    • If you earn rental income, provide a copy of each lease, as well as one of:
      • A Canada Revenue Agency T776 Statement of Real Estate Rentals
      • Two year’s of T1 generals (personal tax returns)
      • Two year’s of NOAs
    • If you earn Alimony/Child Support, provide NOAs and the full separation/support agreement.
    • If on maternity/paternity leave, ensure your job letter shows the return date and salary/income upon return.

intelliTip

Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.

Void Cheque

  • This cheque is used by the lender to deduct payments from.

Income Verification

    • If your income is salary or wages, provide:
      1. A recent pay stub showing the pay date, pay amount, your name and the employer’s name.
      2. A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number.
    • If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).
    • If you are self-employed, provide:
      • The most recent two years’ NOAs
      • Your business license, articles of incorporation, or GST registration number
    • If you earn rental income, provide a copy of each lease, as well as one of:
      • A Canada Revenue Agency T776 Statement of Real Estate Rentals
      • Two year’s of T1 generals (personal tax returns)
      • Two year’s of NOAs
    • If you earn Alimony/Child Support, provide NOAs and the full separation/support agreement.
    • If on maternity/paternity leave, ensure your job letter shows the return date and salary/income upon return.

intelliTip

Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.

Recent Mortgage

  • Must show your name, property address, balance or original mortgage amount, and monthly payment.

Void Cheque

  • Must show your name, property address, balance or original mortgage amount, and monthly payment.

Identification

  • Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card).

intelliTip

All ID text, photos and numbers must be clearly visible.

Income Verification

    • If your income is salary or wages, provide:
      1. A recent pay stub showing the pay date, pay amount, your name and the employer’s name.
      2. A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number.
    • If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).
    • If you are self-employed, provide:
      • The most recent two years’ NOAs
      • Your business license, articles of incorporation, or GST registration number
    • If you earn rental income, provide a copy of each lease, as well as one of:
      • A Canada Revenue Agency T776 Statement of Real Estate Rentals
      • Two year’s of T1 generals (personal tax returns)
      • Two year’s of NOAs
    • If you earn Alimony/Child Support, provide NOAs and the full separation/support agreement.
    • If on maternity/paternity leave, ensure your job letter shows the return date and salary/income upon return.

intelliTip

Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.

Recent Mortgage

  • Must show your name, property address, balance or original mortgage amount, and monthly payment.

Void Cheque

  • Must show your name, property address, balance or original mortgage amount, and monthly payment.

Identification

  • Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card).

intelliTip

All ID text, photos and numbers must be clearly visible.

* Lenders sometimes require other documentation, depending on their policies. Depending on your qualifications and paperwork, approvals may take more time. If your situation doesn’t match the above, simply email us and we’ll point you in the right direction. OAC.