A score by itself says little. Lenders look at how recent the late payments are, whether collections remain open, and how much of your available credit you use.
Steady the file before you send it
Under-30% card utilisation and a cleared collection can come within weeks. Other repairs take months of clean payments. Which kind you have decides when to apply.
Cost of an alternative lender, and how you leave
Should you need one, the plan counts more than the rate: the cost, the duration, and what has to change before a conventional lender is an option again.
Documents to gather
What the lender will ask for.
What the file is for
Income and paperwork
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. If you have it all before making an offer, a short financing window is realistic.
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.
