Mortgage requirements

Find out what’s needed for your mortgage and how to prepare.

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Received a mortgage commitment from MERIX? Amazing! We’ll give you an overview of all the documents you need to ensure a smooth closing.

Important: You’ll need to complete the signed commitment and provide the completed Pre-Authorized Debit (PAD) agreement included in your commitment package within 5 days of your commitment date.

Commitment checklist

In addition to your signed commitment documents and the PAD agreement, we’ll typically ask for the following documents:

Proof of income

Let us know how you get paid and how much you earn by providing verification of your employment and income. This may look different depending on how you earn income.   

Examples include:

Letter of employment
Notice of Assessment
Bank statements

Down payment confirmation

This will help us have a clear view of how much your down payment is and where it’s coming from.

Bank statements
Gift letter for gifted funds
Closing statement or lawyer letter confirming proceeds from the sale of your existing home

Property valuation

Where required, a property valuation document verifies your home’s value aligns with the funds you need. Here are some things included:

Overall property details
Location
Market analysis

Let’s get you to your closing!

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