The agreed value, how many heirs there are and what each one is owed. A professional appraisal protects everybody: it sets a number the lender accepts and the family can’t easily argue with.
Lenders don’t all judge the same way
They differ on which income they accept, 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.
Get the file right the first time
A complete file up front saves the back-and-forth that eats weeks. Income proof, down payment records and property documents should be ready before you submit, especially with a short deadline.
Documents to gather
What the lender will ask for.
Purpose of the file
Income and documents
Debts and credit
Property or security
Target timeline
Lender options
Frequently asked
How do I buy out my siblings’ share?+
With financing based on the value of the property, where the proceeds pay their share. Get the house appraised early. Everything else hinges on that number, and a dispute over value blocks more files than the financing ever does.
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 written agreement or the estate documents. Bring them together before you make an offer and a short financing window is 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.
