Is it worth having my file reviewed?

When two offers are on the table, a bank refused you, or you don’t know what you can afford: yes. You learn what lenders will take and what’s still missing. It’s free on most residential files, since the lender pays the broker.

Which documents should I gather?

Last two notices of assessment, recent pay stubs, an employment letter, three months of bank statements and proof of the down payment. Before the offer, a five-day financing condition works. After it, you lose weeks.

All calculators

Mortgage penalty calculator

Estimate what breaking your term costs: three months’ interest on a variable rate, the greater of three months and the rate differential on a fixed rate.

All calculators

Assumptions and rules used

The rules behind the calculations

The thresholds used (GDS and TDS ratios, qualifying rate, CMHC premiums, 9% tax) come from the sources below and are updated when the rules change.

CMHC: mortgage loan insurance and debt-service ratios OSFI: minimum mortgage qualifying rate Revenu Québec: tax on insurance premiums

These results are estimates for planning purposes only. They are not a mortgage approval, financing offer or financial advice. A lender or insurer may apply different criteria.

Tell Mathieu about your project

Buying, renewing, refinancing, or something a bit out of the ordinary: tell us where you’re at, even if it’s still fuzzy. Mathieu gets back to you with next steps and the documents to pull together.

Your request goes directly to Mathieu

Across Quebec, in French and English

No fee on most residential files

All calculators

Mortgage penalty calculator

Estimate what breaking your term costs: three months’ interest on a variable rate, the greater of three months and the rate differential on a fixed rate.

All calculators

Assumptions and rules used

The rules behind the calculations

The thresholds used (GDS and TDS ratios, qualifying rate, CMHC premiums, 9% tax) come from the sources below and are updated when the rules change.

CMHC: mortgage loan insurance and debt-service ratios OSFI: minimum mortgage qualifying rate Revenu Québec: tax on insurance premiums

These results are estimates for planning purposes only. They are not a mortgage approval, financing offer or financial advice. A lender or insurer may apply different criteria.

Tell Mathieu about your project

Your request goes directly to Mathieu

Across Quebec, in French and English

No fee on most residential files

Mortgage penalty calculator

Your current mortgage

The rules behind the calculations

Tell Mathieu about your project

Mortgage penalty calculator

Your current mortgage

The rules behind the calculations

Tell Mathieu about your project