Mortgage Application Checklist

_{Identification}

One (1) Valid unexpired national photo identification

Proof of address

One (1) valid proof of address (deed, recent utility bill, tax assessment or financial institution/bank statement)

_{Salaried Individuals:} 

Salaried or Fixed Contract or where commission < 50% total income any two of the following:

• Recent letter of employment
• Current contract executed between the employer and employee
• Pay slip(s) showing the most recent full monthly income  ( if pay slip shows a deduction at source indicating loan payment, letter of indebtedness is required)
• Bank statements showing direct payroll deposits for the 2 most recent months-including BNS screen print
• Most recent income tax return
• Any official document issued by the local Government indicating income

_{Business documentation – one of the following:}

• Valid Business registration / License, and most recent Annual Return (where applicable) or     
• Financial statements for the last 2 years prepared and signed off by an Accountant on the Bank-Approved panel, or in good standing with the relevant supervisory board, or
• Most recent account statement for an active Scotiabank business or commercial bank account or other financial institution or
• Certification of incorporation/Articles of Association

_{Income evidence documents -  one of the following:}

• Income Tax Returns for the last 2 years, or 
• Audited Financial Statements for the last 2 years, or
• Financial Statements for the last 2 years prepared and signed off by an Accountant on the Bank-Approved Panel, or in good standing with the relevant supervisory board, and six  (6) months bank statements or
• Any official document issued by the local Government indicating the income  

_{Credit Approval}

• Source of downpayment – account statement, letter signed by donor & borrower if a gift
• Proof of assets in the name of the Borrower: Statements showing investments or bank statements, copy of land title or motor vehicle title, Pension Statements, Last valuation of property
• Proof of Liabilities in the name of the Borrower: Credit card, Loan or Mortgage statement
• Proof of loan purpose – Agreement of Sale or agreement of Purchase

_{Additional Credit Approval Documents}

• For NHT benefit - request Eligibility Letter via NHT online portal
• Surveyor’s ID report (where applicable) 
• Current Appraisal to be ordered by the Bank. Copy of title is required to initiate appraisal request. 
• Most recent Property Tax Certificate
• Maintenance fee statement and evidence of strata coverage (where applicable)
• Any other documents to support loan purpose

_{Closing and Disbursement}

• Evidence of home insurance and assignment to the Bank
• Up to date water bill
• Incomplete Development: Certificate of practical completion (if applicable)
• Up to date lease rent/maintenance fee receipt (if applicable)