Having a good understanding of your mortgage statement is essential for being able to manage your finances responsibly. It helps you know how much money is going towards each payment and when the payments need to be paid. Understanding what the statements mean, how they are set up, and the details that are included within them can help make sure you stay on top of your mortgage payments while avoiding any surprises along the way. In this blog post we will go over exactly what information is contained in an RBC Mortgage Statement so that you can better understand what’s happening with your mortgage repayment details.
| Question | Answer |
|---|---|
| Form Name | Mortgage Statement Rbc Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | 1st, rbc personal statement of affairs, E-FORM, Qtr |
PERSONAL STATEMENT
OF AFFAIRS
Branch Name
( Mo. Day Year ) Business loan reference
Personal Information
First Name |
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Middle Name |
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Surname |
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Social insurance no. |
Date of birth |
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( Mo. Day Year ) |
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Home address (Apt./P.O. box/Street and Number |
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City/Town |
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Prov. |
Postal code |
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Home telephone no. |
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Business telephone no. |
Residence |
Own |
Marital status |
No. of dependants |
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including spouse |
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Other |
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Rent |
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Principal bank or financial institution |
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Address |
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Savings A/C no. |
Chequing A/C no. |
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Have you ever |
Yes |
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If yes - where |
When |
Amount |
Previous |
Yes |
If yes - where |
When Amount |
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borrowed |
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Royal Bank |
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No |
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No |
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before? |
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loans? |
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Financial Profile |
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Assets |
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Liabilities |
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(List and describe all assets - Schedules on reverse) |
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(List credit cards and other liabilities including alimony and child support) |
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Balance owing |
Cash - Royal Bank |
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$ |
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Bank loans (see schedule F) |
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$ |
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Cash - Other financial institutions |
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Mortgages on real estate (see schedule B) |
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Life insurance C.S.V. (see schedule C) |
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Credit cards |
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1. |
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Retirement accounts (see schedule D) |
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(please itemize) |
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2. |
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Marketable securities (see schedule A) |
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3. |
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Accounts and |
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1. |
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Other obligations |
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1. |
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loans receivable |
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2. |
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(please itemize) |
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2. |
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(Please itemize) |
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3. |
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(B) Total liabilities |
$ |
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Automobiles |
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Make/yr. |
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(C) Net Worth (A minus B) |
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Make/yr. |
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Sundry Obligations |
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Real estate (see schedule B) |
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Are you personally supporting contingent obligations |
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Yes |
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Business interests (see schedule E) |
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not listed above (e.g. |
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No |
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Other assets |
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1. |
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If yes, please indicate liability and provide details on |
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(please itemize) |
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amount, to whom and nature of obligations below: |
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2. |
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3. |
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(A) Total Assets |
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$ |
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Present Annual Income and Expenses |
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Your gross income |
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Your expenses |
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Annual salary or wages |
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$ |
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Mortgage/rental payments |
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$ |
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Commissions and bonuses |
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Real estate taxes |
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Dividends and interest |
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Federal and Provincial income taxes |
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Rental income (schedule B reverse) |
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Insurance premiums |
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Other income |
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1. |
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Credit cards |
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(please itemize) |
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2. |
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Consumer loan payments |
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Subtotal |
$ |
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Alimony, child support or maintenance payments |
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Spouse's gross income |
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Other expenses |
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1. |
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Annual salary or wages |
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(please itemize) |
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2. |
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Other income |
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1. |
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3. |
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(please itemize) |
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2. |
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4. |
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Total annual |
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Total annual |
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income |
$ |
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expenses |
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$ |
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Employment Information |
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Employer's name and address |
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Yrs. there |
Telephone no. |
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Occupation |
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Previous employer's name and address |
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Telephone no. |
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Data on Spouse |
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First Name |
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Initial |
Surname |
Occupation |
Social insurance no. |
Date of birth |
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( Mo. Day Year ) |
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Employer's name and address |
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Yrs. there |
Telephone no. |
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TM
General Information (if you answer YES to any of these questions, please provide details)
Have you ever had an asset repossessed? |
Yes |
No |
Details |
Are you involved in any claims or lawsuits? |
Yes |
No |
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Have you ever declared bankruptcy? |
Yes |
No |
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Do you owe any back taxes? |
Yes |
No |
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Schedule A: Marketable Securities, Stocks and Bonds
No. of |
Description |
In name of whom Market value |
Where quoted |
Total market |
Pledged as collateral |
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units/shares |
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per share |
or listed |
value |
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Yes |
No |
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Yes |
No |
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Yes |
No |
Schedule B: Real Estate (1) Primary residence (2) Other
1. |
Street name and number |
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City |
Province |
Legal description |
% ownership |
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Title in name of |
Date acquired |
Purchase price |
Market value |
Gross annual |
Net monthly |
Annual taxes, insurance, |
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(Mo Day Year) |
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rental income |
rental income |
maintenance & misc. |
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Name of mortgage holder e.g. financial institution |
Amount of mortgage |
Annual mortgage payments |
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1st |
2nd |
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1st $ |
2nd $ |
1st $ |
2nd $ |
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2. |
Street name and number |
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City |
Province |
Legal description |
% ownership |
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Title in name of |
Date acquired |
Purchase price |
Market value |
Gross annual |
Net monthly |
Annual taxes, insurance, |
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(Mo Day Year) |
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rental income |
rental income |
maintenance & misc. |
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Name of mortgage holder e.g. financial institution |
Amount of mortgage |
Annual mortgage payments |
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1st |
2nd |
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1st $ |
2nd $ |
1st $ |
2nd $ |
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Schedule C: Individual and Group Life Insurance |
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Insurance company |
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Beneficiary |
Face amount |
Policy loans |
Cash surrender value |
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Schedule D: Retirement Accounts (Tax sheltered investments)
Quantity |
Administrator |
Description including RRSPs, |
In name of whom |
Current value |
Total current |
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(financial institution, broker etc.) |
RHOSPs, DPSPs, pension fund, etc. |
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per unit |
value |
Schedule E: Business Interests
List all business in which you are an owner % owned |
Position/title |
Net worth of |
Type of business |
Year established |
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business |
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Schedule F: Bank Loans (Exclude real estate loans)
Lender |
Purpose |
Date of loan |
Payment |
Collateral |
Original |
Outstanding |
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(Mo. Day Year) |
(per Mo/Qtr/Pa) |
description |
amount |
balance |
Declaration
The undersigned hereby declare(s) that all the information provided herin and on the accompanying statements is to the best of my/our knowledge true, complete and correct and understand it will be used by the Bank to determine credit worthiness. The proceeds of the loan applied for will be used for business purposes and not for personal, family or household purposes. The undersigned further consent(s) to Royal Bank of Canada making any enquiries it deems necessary to reach a decision on this application, and consent(s) to the disclosure at any time of any credit information about me/us to any credit reporting agency or to any one with whom I/we have financial relations.
Per: |
(Mo. Day Year) |
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Signature of applicant |
Signature of applicant |
Date |