The real condition of the house, the lack of legal warranty, and your room for surprises. No maintenance history, no seller declaration: the inspection is the only information you’ll get.
Compare what lenders accept
Lenders differ on which income they take, which properties they finance and how they read credit. So one decline says little about the next answer, and the order you submit in matters.
Submit a complete file
A complete file the first time saves the back-and-forth that adds weeks. Income proof, down payment records and property documents ready before you submit is what keeps a short deadline realistic.
Documents to gather
What the lender will ask for.
Goal of the file
Income and documents
Debts and credit
Property or security
Target timeline
Lender options
Frequently asked
What does "sold without legal warranty" mean?+
You can’t go after the seller for a hidden defect you find later. A thorough inspection and money set aside for repairs aren’t optional on this kind of purchase.
Which documents should I gather?+
Your last two notices of assessment, recent pay stubs, an employment letter, three months of bank statements and proof of your down payment. Add the discharge certificate or proof of settlement. Ready before you make an offer, that’s what makes a short financing window realistic.
Current rates
Today’s rates, with the fine print.
These rates are indicative. Yours depends on your file, the type of mortgage (insured or not) and the lender. And look at the penalty too, it matters as much as the number.
Buying, renewing, refinancing, or something a bit out of the ordinary: tell us where you’re at, even if it’s still fuzzy. Mathieu gets back to you with next steps and the documents to pull together.
