The 8 steps
- Talk to a broker (day 1). We review your income, down payment, debts and goals. No credit check is needed to start.
- Get pre-approved (1 to 3 days). With your consent we check credit and verify income to hold a rate for up to 120 days. See pre-approval.
- Shop for a home. Your pre-approval sets a budget. Use the affordability calculator to stay realistic.
- Make an offer. Your agent writes the offer with conditions such as financing and inspection.
- Submit the full application (a few days). We send the accepted offer and your documents to the lender.
- Appraisal and approval. The lender confirms the property value and issues a commitment letter. We review it with you before you sign.
- Lawyer and closing costs. Your lawyer registers the mortgage. Budget 1.5% to 4% of the price in cash; see the closing cost calculator.
- Closing day. Funds move, you get the keys, and we diarize your renewal so you are never caught off guard.
Documents you will usually need
- Photo ID (two pieces) and proof of down payment (90 days of statements)
- Employees: recent pay stub, employment letter and T4s. Self-employed: two years of Notices of Assessment and T1 Generals. See self-employed mortgages.
- For purchases: the signed offer, MLS listing and condo documents if relevant
Start online in minutes
Our secure online application saves as you go, accepts photos from your phone and tells you what is still needed. Questions? Call or text (289) 513-3328.