Question 1

How much down payment do I need?

Accepted Answer

5% on the first $500,000, 10% on the portion from $500,000–$1,500,000, and 20% on homes priced at $1,500,000 or more. Under 20% requires default insurance.

Question 2

What credit score do I need?

Accepted Answer

Many lenders look for a score around 680+ for the best rates, but options exist across the spectrum. Your full profile matters, not just the number.

Question 3

How long does approval take?

Accepted Answer

Pre-qualification takes minutes. A full approval typically takes a few business days once your documents are in - your portal tracks every step.

Question 4

Can I get a mortgage if I'm self-employed?

Accepted Answer

Yes. Self-employed Canadians can qualify with the right documentation (notices of assessment, financial statements). We specialize in finding suitable lenders.

Question 5

What documents will I need?

Accepted Answer

Typically government ID, proof of income (pay stubs, NOAs, or financial statements), proof of down payment, and details about the property.

Your mortgage questions, answered

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