Canadian Mortgage Shopping Worksheet
	Lender 1		Lender 2
Name of Lender
Name of Contact
Date of Contact
Mortgage Amount
BASIC INFORMATION ABOUT THE MORTGAGE	Mortgage 1	Mortgage 2	Mortgage 1	Mortgage 2
Type of Mortgage: Conventional mortgage vs. high-ratio mortgage.
If high-ratio, what is the insurance premium?
Minimum down payment required
Mortgage term (length of loan)
Interest rate
Estimated monthly mortgage payment
FEES Different institutions may have different names for some fees and may charge different fees. We have listed some typical fees you may see on loan documents.	Mortgage 1	Mortgage 2	Mortgage 1	Mortgage 2
Application fee or Loan processing fee
Survey or title insurance fee
Appraisal fee
Attorney fees
Mortgage broker fees (not always applicable)
Credit report fee
Other fees
Are any of the fees or costs waivable?
PREPAYMENT PENALTIES	Mortgage 1	Mortgage 2	Mortgage 1	Mortgage 2
Is there a prepayment penalty?
If so, how is it calculated?
Are extra principal payments allowed?
List all prepayment privileges
INTEREST RATE LOCK-IN BEFORE CLOSING	Mortgage 1	Mortgage 2	Mortgage 1	Mortgage 2
Is the lock-in agreement in writing?
Is there a fee to lock-in?
When does the lock-in occur? At application, approval or another time?
How long will the lock-in last?
If the rate drops before closing, can you lock-in at a lower rate? Is this automatic?