After you have submitted all required documents/information, it usually takes anywhere between 5 hours to 3 business days depending on how busy the lender is.

Prime Lenders generally prefer a credit score of at least 680, but there are many alternative lenders that may consider lower scores in the range of 450 to 680.

A fixed rate remains the same throughout the term, while a variable rate fluctuates with market conditions, often tied to the Bank of Canada’s prime rate.

Closing costs include legal fees, land transfer taxes, lender and broker fees. Typically, they range between 1.5% and 4% of the mortgage amount.

Yes, but you may need to provide additional documentation, such as bank statements to verify your income. Some lenders offer specialized programs for self-employed individuals. Reach out to me at 647-533-2678 to learn more.