The posted rate is the easy part. What costs you later hides in the conditions: how the penalty is calculated, prepayment privileges, portability. Two lenders at the same rate can differ by thousands of dollars if you break the term.
Documents before comparison
Compare the offers in writing, with full conditions and not just the rate. Ask exactly how the penalty is calculated and what prepayment allows. If you might move during the term, check portability before you sign, not after.
Required document
The document has to be current, legible and consistent with the rest of the file. A statement missing a page, or a name spelled differently than on your notice of assessment, and the Saguenay file goes back for clarification.
What gets verified
Names, dates, balances, where the money came from: all of it has to match from one document to the next. An unexplained deposit is the most common reason a file in Saguenay stalls at verification.
Differences to explain
An unusual amount, a missing page or two records that disagree will draw questions, so explain them up front. A gift, a bonus or a transfer between your own accounts is fine once it’s documented, in Saguenay like everywhere else.
Delivery deadline in Saguenay
The lender’s calendar, the insurer’s and the notary’s all have to line up. It’s nearly always the last link that delivers a confirmation after the condition has already expired.
To prepare
What to gather.
Document to replace
Available supporting records
Income consistency
Transaction history
Explanation letter
Lender documentation rules
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.
Is the lowest rate always the best choice?+
Not if the breakage penalty is calculated differently. Two lenders at the same rate can be thousands apart if you break the term. Check how the penalty is worked out and what prepayment allows before you sign.
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.
