Documents collected before an offer is on the table are worth far more than the same ones collected afterwards. Once a deadline is running, waiting on an employer or a bank is what eats the days.
Make your proof easy to follow
Income, debts, deposits and explanations have to agree with each other. A deposit with no stated source is the most common reason a file stalls at verification.
Send the documents that matter first
They don’t all weigh 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.
Purpose of the file
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. Before the offer, they make a five-day financing condition workable. After the offer, they add weeks.
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.
