Notice: Our great rates have generated higher than normal call volumes and callers may experience longer wait times. We appreciate your patience and will service your call as efficiently as possible.
Attention: Nos taux avantageux ont généré un volume d’appels inhabituel et le temps d’attente pourrait être plus long pour les demandeurs. Nous vous remercions de votre patience et répondrons à votre appel aussi efficacement que possible.

Confirmation of Down Payments & Requirements

Down Payment SourceRequirements
Savings AccountBank Account Statements from the last 90 days
Redemption of InvestmentsA copy of a bank statement showing the funds being deposited and a copy of the investment withdrawal
Funds that are giftedGift Letter & Proof of correlating deposit into Account
(Note: A gift letter must come from an immediate family member)
RRSPsRRSP statement for the last 90-days and evidence of the RRSP withdrawal
Funds coming from an existing credit facility at another Financial InstitutionEvidence of sufficient credit availability – bank or loan statement
Funds coming from a new credit facility at another Financial InstitutionA copy of new loan agreement / commitment letter
Sale of Existing PropertyA copy of the accepted sales Agreement

Forms & Purposes

FORMPURPOSE
Profile Form – EntityFor KYC purposes and confirmation of ownership, control and structure including Beneficial Owners, Directors
WHO: Corporations or other entities
Profile Form – IndividualFor KYC purposes and Identification of Individual Borrowers, and signing officers.
WHO:Individual Borrowers
Profile Form – Family TrustFor KYC purposes and confirmation of ownership, control and structure including Trustees, Settlors, Beneficiaries
WHO:Trusts
Profile Form – Widely Held TrustFor KYC purposes and confirmation of ownership, control and structure including Trustees, Settlors, Beneficiaries.
WHO: Widely Held Trusts – Publicly Held Trusts – IE: REITs
Third Party FormTo collect KYC detail for third parties (Persons or other entities) when borrowers are acting on their instructions.
WHO:An individual or entity, other than the account holder, who gives instructions about the account.
PEP FormFor clients who acknowledge PEP Status
WHO: Politically Exposed Persons (PEP)