Find the Best Mortgage for You

Checklist : When applying for a mortgage, we'll need some documents and information. Here’s our mortgage application checklist (pdf).

Residential Mortgage Security: When you borrow money to buy a house, we require security in the form of real property (pdf).

Mortgage Default Insurance: As per legislation, we can only lend up to 80% of the purchase price or value of your new home. If you have less than 20% for a down payment, you'll need mortgage default insurance (pdf).

Typical documents include government ID, income verification, recent pay stubs/Notice of Assessments, and property insurance. Some lenders may require more. Check out our helpful mortgage application checklist (pdf).

Timelines vary by lender and file complexity; pre-approvals can be same day, while appraisals/funding can add several days. 

Yes, if you’ve met all eligibility requirements; you can use these funds for your first-home pre-approval application.

For a residential property appraisal, the document requirements are usually quite minimal compared to a full mortgage application. The appraiser’s goal is to assess the property itself, not the borrower. Therefore, the only document that is required is the request to an accredited appraiser.

A home appraisal typically takes about 3–10 business days, but the full timeline can vary depending on the property and market conditions. Plan for 1 week on average but allow up to 10 business days to be safe.

FHSA and HBP funds are meant to support your overall home purchase. So, you can use either of these plans to help cover the cost of an appraisal.

A protection plan provides peace of mind for you and your loved ones. During a tough time, you can focus on your family. We'll focus on protecting you from financial loss.

With an insured mortgage, if you are unable to make your mortgage payments, CUMIS, our reputable insurance company, will make the payments for you. You can apply for a variety of insurance types for your mortgage: disability, life, loss of employment, or critical illness. So, for example, if you lost your job and had loss of employment insurance on your mortgage, CUMIS would make your mortgage payments until you found a job again (up to maximum time noted in your policy). You wouldn’t have to worry about losing your home during such a difficult time.

If you need help choosing a mortgage, try our mortgage selection tool! It's a great starting point to find your best mortgage option. You can also reach out to us for help at 1.866.446.7001.

Bridge financing is a loan used to cover the timing gap between purchasing a new home and selling an existing one.

Typical documents you’d need for such a loan include government ID, income verification, recent pay stubs/Notice of Assessments, and property insurance. Some lenders may require more. 

Timelines vary by lender and file complexity; pre-approvals can be same day, while appraisals/funding can add several days. 

No. FHSA and HBP are only available to individuals who qualify as first-time home buyers. Since bridge financing is used to cover the timing gap between purchasing a new home and selling an existing one, it typically applies to current homeowners who would not meet that eligibility requirement.