If you haven't had that first conversation with your mortgage agent yet, what you'll quickly learn are the three most important things (in no particular order) when it comes to securing your mortgage.
1) Your Income.
It's not only how much money you earn that matters, but how you earn that income can also play a very important role when determining what you'll qualify for. If you're self-employed in particular, there a few things in particular you should consider.
2) Your Credit
I'm sure it's a no brainer that the higher your credit score, the easier it will be for you to qualify for that mortgage. If you're wondering how high is high enough, some good resources I always recommend before you even speak to a mortgage agent is to check out free resources such as Borrowell and Credit Karma. Just so you know, the actual scores that you'll see may differ slightly from the scores that your bank or mortgage agent may generate when your application is submitted, but it will certainly give you a heads up to see what's happening.
3) Your Down Payment
In addition to personal savings, and monetary gifts (should you be so lucky), an amazing way to put your down payment together is accessing your RRSP contributions.
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