The score matters least. What counts is what’s behind it: how long ago the item was settled, whether your credit has recovered, whether the file holds up without that line. A proposal or bankruptcy discharged two years ago, with rebuilt credit, isn’t treated like a late payment from last month.
Documents before comparison
Your full credit report, discharge or release papers for anything settled, and proof of payment for what’s left. Add your notices of assessment and proof of your down payment. The stronger the down payment, the more the rest becomes negotiable.
Income documents
Two years of notices of assessment, recent pay stubs and an employment letter. The lender trusts what your tax records show, not what lands in your account. Income that shows up nowhere doesn’t exist for a purchase in Lévis.
Income period reviewed in Lévis
Depending on where the income comes from, the file in Lévis may need the current year, a two-year average, or just confirmation of employment.
Supporting records
Notices of assessment, tax returns, financial statements, pay stubs, deposit records. Have it all ready before you make an offer. That’s what lets you work with a short financing condition, since the delay nearly always comes from a third party who hasn’t sent their paper yet.
Lenders that can assess the file
The lender looks at how long ago the incident happened and what you’ve rebuilt since. Alternative lenders say yes sooner, at a higher rate, while you work your way back to bank financing.
To prepare
What to gather.
Borrower profile
Income records
Credit history
Available funds
Property or project
Lender eligibility
Frequently asked
Can the file be reviewed remotely?+
Yes. Phone, email or video call, with documents sent online. We can meet in person if you’d rather, but most files get done without anyone driving anywhere.
How long before a bankruptcy stops blocking a file?+
Often two years after discharge, with credit rebuilt and paid on time since. Some lenders accept sooner if the down payment is bigger. What counts is what you’ve rebuilt. Time passing, by itself, isn’t enough.
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.
