Keeping the house after a divorce without buying out your ex means both names stay on the mortgage. What the lender requires, and the risks for each of you.
Know what you want to do and by when. The deadline drives the rest: which lenders have time to review the file, and which documents must be ready before you commit.
Lenders draw their lines differently
Which income they accept, which properties they finance, how they read credit: it varies. That’s why one decline says little about the next answer, and why the order of submission counts.
One clean submission
Get it complete the first time and you skip the back-and-forth that eats weeks. Bring together income proof, down payment records and property documents before you send anything. On a short deadline, that’s what keeps it realistic.
Documents to gather
What the lender will ask for.
What you’re trying to do
Income and documents
Debts and credit
Property or security
Deadline
Lender options
Frequently asked
What documents should I have on hand?+
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 written agreement or the estate documents. Have them ready before you make an offer, or a short financing window becomes unrealistic.
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.
