Lenders weigh how recent your late payments are, whether collections remain open, and how much of your available credit you are using. The score alone doesn’t say that.
Stabilize, then submit
Card utilisation under 30% or a collection cleared can happen within weeks. Some other fixes need months of clean payments. Knowing the difference tells you when to apply.
Price the alternative, and the way back
If you need an alternative lender, the plan matters more than the rate: what it costs, how long it lasts, and what has to change before you can return to a conventional lender.
Documents to gather
What the lender will ask for.
What the file is for
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. Ready before the offer, they make a five-day financing condition workable. Ready after, 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.
