Documents gathered before an offer is on the table are worth far more than the same ones gathered after. Once a deadline is running, it’s the wait on an employer or a bank that eats the days.
Make proof easy to read
Income, debts, deposits and explanations have to line up. A deposit that shows up with no stated source is the most common reason a file stalls at verification.
Know what to send first
Not every document weighs the same. Notices of assessment, proof of down payment and a current employment letter change the review. A long generic list mostly slows it down.
Documents to gather
What the lender will ask for.
Goal of the purchase
Income and documents
Debts and credit
Property type
Timeline you prefer
Lender options
Frequently asked
How long does the process take?+
Expect a few days for a preapproval once the documents are in hand. What drags a file out is rarely the analysis. It’s the employment letter, the bank statement or the appraisal appointment you’re still waiting on.
Is the lowest rate always the best choice?+
No. Two offers at the same rate can differ by thousands if you need to break the term. Compare the penalty, how much you may prepay each year and whether the mortgage moves with you to the next property.
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.
