A score tells you little on its own. Lenders want to know how recent the late payments are, whether any collection is still open, and what share of your available credit you’re using.
Fix first, submit later
A few things are quick: card balances back under 30%, a collection cleared. The rest takes months of payments made on time. Knowing which is which tells you when to apply.
Cost of the detour, and the way back
If you end up with an alternative lender, look at the plan before the rate. What it costs, how long it runs, and what you need to change to get back to a conventional lender.
Documents to gather
What the lender will ask for.
Objective
Income and supporting documents
Debts and credit
Security or property
Timeline you’re aiming for
Lenders to consider
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. With them ready before the offer, a five-day financing condition is manageable. Otherwise it adds 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.
