A Cheque requisition can also be attached to a vendor invoice where it is necessary to alert Accounts Payable of any special instructions pertaining to that invoice, such as special mailing instructions or special payment requirements (ie wire transfers).
To get more traditional mortgage loans, your credit scores need to get above the 620 to 640 range. If you want to get the best interest rates, you need to raise your credit score into the 740+ credit score range.
Fannie Mae requires that the borrower have a credit score of at least 580. If your score is lower than 580, you may find it difficult to get a conventional home loan. The standard down payment for a conventional loan is 20 percent of the cost of the home. If you are unable to put down this amount, there are many ways around the requirement. One is purchasing mortgage insurance, which is tacked onto your monthly payment until the amount you owe on the home is less than 80 percent.