Ask for the reason in writing. A high debt-service ratio, weak credit or a property the lender considers problematic each call for different fixes, on different timelines.
Rebuild the file
Some blockers clear in weeks: paying off a collection, cutting card utilisation, removing a monthly payment. Others need months of clean payments before anything changes.
Alternative options
Alternative or private lending can help in some cases, but the cost and the exit plan have to be clear before you go ahead.
Documents to gather
What the lender will ask for.
Reason given for the refusal
Income and documents
Debts and credit
Property type
Timeline
Other lender options
Frequently asked
Does a bank decline close every door?+
No. Each lender applies its own criteria, and a file declined at one often passes at another. Fix the actual reason before resubmitting. Repeated applications with nothing changed only hurt your credit.
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.
