A score by itself says very little. Lenders care how recent the late payments are, whether collections are still open, and how much of your available credit is in use.
Steady things before you submit
A few fixes work within weeks, like getting card utilisation below 30% or clearing a collection. Others take months of clean payments. Knowing which is which tells you when to apply.
Cost and exit strategy
If an alternative lender is the answer, the plan is worth more than the rate: cost, duration, and what has to change before you can return to a conventional lender.
Documents to gather
What the lender will ask for.
Purpose of the file
Income and documents
Debts and credit
Property or security
Target 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 the discharge certificate or proof of settlement. 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.
