Rolling credit card debt into the mortgage: the cards paid off are named in the offer and paid by the notary. What it takes for the lower rate to really help.
A number alone tells you little. Lenders check how recent the late payments are, whether collections are still open, and how much of your available credit you’re actually using.
Stabilize first, then submit
Some fixes land in weeks: card utilisation under 30%, a collection paid off. Others need months of clean payments. Knowing the difference tells you when to apply.
Cost and exit, side by side
If you end up with an alternative lender, look at the plan before the rate. What it costs, how long it runs, and what must change before you can return to a conventional lender.
Documents to gather
What the lender will ask for.
What you want the file to do
Income and documents
Debts and credit
Property or security
Timeline
Lender options
Frequently asked
Which documents should I gather?+
Your last two notices of assessment, recent pay stubs, an employment letter, three months of bank statements and proof of your down payment. Add a list of your debts with balances and monthly payments. Have them ready before you make an offer, or a short financing window becomes unrealistic.
Current rates
Today’s rates, with the fine print.
These rates are indicative. Yours depends on your file, the type of mortgage (insured or not) and the lender. And look at the penalty too, it matters as much as the number.
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.
