Yes, the bank will still check your credit score to ensure you are ‘good for the money’ (i.e you will pay back the loan on time). They will also want to verify your income with pay stubs, your Notice of Assessment, etc. You can learn more about the documentation you need for a mortgage application, here. Given that your income may be low in comparison to your assets, the bank will also require a strong credit score, not just an acceptable one. Note that if you are in debt, your debt owing will be deducted from your available assets, when considering your net worth. Please see more on our website.