Module 2 · Lesson 5 of 6 · 7 min read
The Pre-Approval Process
Step-by-step: documents, timeline, and what to expect
- Gather documentation before applying: You will need: (1) T4s / Notice of Assessment for 2 years, (2) recent pay stubs, (3) employment letter confirming salary, position, and tenure, (4) bank and investment statements (showing down payment), (5) list of debts with balances and payments, (6) government-issued ID.
- Check your credit score first: Pull your free credit report from Equifax or TransUnion. Minimum score for most A-lenders is 680. Below 680, you may need B-lenders (higher rates). Errors on your report can take weeks to fix. Do this early.
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