Know what you want to do and by when before you shop for a rate. The date decides which lenders can look at the file in time, and which documents must be ready before you commit.
Lenders differ, so sequence matters
Some take certain income, others don’t. Some finance certain properties. Credit gets read differently too. A single decline says little about the next answer.
No second trip for documents
Get it complete the first time and you avoid the back-and-forth that adds weeks. Have income proof, down payment records and property documents together before submitting. A tight deadline depends on it.
Documents to gather
What the lender will ask for.
Objective
Income and documents
Debts and credit
Property or collateral
Closing 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 keep 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.
