Aside from good credit, lenders inside the Canada check all sorts of facts before making a decision to the whether to grant financing. If you find yourself your credit score situations at the financial history, its not the entire facts, and you may likely need supply almost every other pieces of debt existence before you be eligible for a loan.

Of the figuring your month-to-month way of living costs, what you entice and also the personal debt you will be taking for the, your own lender can be determine whether the borrowed funds is a great complement otherwise if or not you need a different type of loan otherwise rates

You could must have your revenue (pay stub or savings account statement), your own work number (that may are talking to an excellent at work) and your monthly costs and you may financial obligation (plus people present finance), that be compared with the entire count you happen to be asking to borrow in addition to name of the mortgage.