How can I improve my chances of getting approved for a mortgage?
Updated: February 28, 2026CanadaFAQPrivate lending
Quick Summary
Improve approval odds by strengthening documentation, reducing revolving debt, stabilizing income, and choosing a realistic price and down payment.
Approval is less about one perfect metric and more about a strong, consistent file.
High-impact actions
- Lower credit card balances (utilization) and avoid new credit applications.
- Reduce debt payments that affect your ratios.
- Strengthen income documentation (especially self-employed: NOAs, financials, bank statements).
- Increase Down Payment if you’re near a limit.
- Keep your job and income stable during the approval and closing window.
If you were declined
Ask for the exact reason: credit, income documentation, property, or ratios. Then build a step-by-step plan (what to change, how long it takes, and what lender type fits in the meantime).
A short-term alternative (B lender or private bridge) can be a tool, but it’s safest when paired with a clear refinance plan.