Employment & Income
Documents used to confirm employment history and qualifying income.
RESOURCES
Mortgage resources, organized around your next step.
Guides, document checklists and planning tools to help you prepare with more clarity before and during your mortgage application.
DOCUMENT PREPARATION
Be prepared before you apply.
Mortgage requirements vary by lender and application. Our document guides show you what is commonly requested, with real-world samples to help you identify and prepare the right documents.
Down Payment & Assets
Documents used to confirm the source and history of funds available for your purchase.
Self-Employed
Additional information that may help establish business income and financial strength.
- Business financial statementsView
- Corporate T2 returnsView
- Articles of incorporationView
- Business bank statementsView
Property & Purchase
Information about the property being purchased, refinanced or financed.
- Purchase contractView
- MLS listingView
- Property tax statementView
- Strata documents when applicableView
- Floor plan when applicableView
Rental Properties
Documents commonly reviewed when rental income forms part of the application.
Commercial & Construction
Project and business documents vary significantly, so preparation is tailored to the transaction.
- Project or property details
- Business financial information
- Construction budget / cost breakdown
- Plans and permits when applicable
- Exit or repayment strategy
Korean Income
Documents commonly used to verify employment and business income earned in Korea.
U.S. Income
Documents commonly used to verify employment and business income earned in the United States.
CREDIT SCORE & CREDIT HEALTH
Know where your credit stands before you apply.
Your credit history can affect mortgage qualification and the options available to you. In Canada, credit scores generally range from 300 to 900. Reviewing your own credit report or score is a soft inquiry and does not lower your credit score.
CREDIT SCORE RANGE (CANADA)Higher scores typically mean lower risk.
300560660725760900
Poor300–559Higher risk
More limited options
More limited options
Fair560–659Some risk
Options may be available
Options may be available
Good660–724Generally acceptable
More options
More options
Very Good725–759Lower risk
Competitive options
Competitive options
Excellent760–900Lowest risk range
Strongest options
Strongest options
Equifax currently provides free online access to a credit score across Canada. The score you see as a consumer may differ from the score or model used by a particular mortgage lender.
WHAT LENDERS LOOK AT
Build stronger credit habits.
Lenders look at more than just the number. Here are key factors that can impact your mortgage approval and options.
01Payment historyPay bills and credit obligations on time. Missed payments can significantly impact your credit profile.
02Credit utilizationKeep revolving balances, such as credit cards and lines of credit, comfortably below available limits.
03Credit historyA longer, consistent credit history with responsible use can help.
04New credit applicationsBe thoughtful about applying for new credit—such as credit cards, car loans, lines of credit or other financing—before a mortgage. New credit applications may result in hard inquiries.
Found an error on your report? Review it with both Canadian credit bureaus and dispute inaccurate information before applying.
CONCERNED ABOUT YOUR CREDIT?We still have mortgage solutions.Past credit challenges do not automatically mean there are no options. Let’s review your situation and see what may be available.
Talk to a Mortgage Broker →Confidential. No obligation.
PLANNING TOOLS
Run the numbers before you make the move.
Use Orbit's calculators to estimate mortgage payments, affordability, prepayment impact, property taxes and closing costs.