Documents collected before an offer exists are worth much more than the same ones collected after. Once a deadline is running, the days go to waiting on an employer or a bank.
The pieces must agree
Income, debts, deposits and explanations have to line up. A deposit with no stated source is the most common reason a file stalls at verification.
Send the heavy hitters first
Some documents change the review and some don’t. Notices of assessment, proof of the down payment and a current employment letter do. A long generic list mostly slows things down.
Documents to gather
What the lender will ask for.
File objective
Income, documents
Debts and credit
Property or security
Timeline
Lender choices
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. Gathered before the offer, they make a five-day financing condition workable. Gathered afterwards, 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.
