Region served
A quick closing in Côte-Nord comes down to a complete file from day one. What takes time is the appraisal and the notary, not the analysis.
Timing becomes the criterion. A lender that gives the best answer in three weeks is useless if the financing condition expires Friday. What slows a file down is the appraisal, the notary or a missing document, almost never the analysis.
The complete file on the first call: notices of assessment, proof of income, down payment, the signed offer to purchase, the notary’s contact details. Each missing piece costs a day or two, and that pile-up is what blows tight deadlines.
The lender’s approval is one number; your comfortable payment is another. Start with yours. Property tax, insurance and heating get added to the mortgage payment every single month.
Build in time: lender review, insurance, appraisal, and the paper you forgot. A financing condition that’s too short is asking for trouble.
A lender approves the property as much as the borrower. Its condition, the way you’ll use it and anything flagged in the inspection or title records can stop a file in Côte-Nord that looked fine on the numbers alone.
Beyond the down payment come notary fees, tax adjustments and transfer duty. The welcome tax usually shows up months after closing, when the move and the furniture have already emptied the account. That’s why buyers forget it.
To prepare
Yes. It all runs by phone, email or video call, and documents go through online. We can meet in person, but most files get settled without anyone having to travel.
An answer within 24 to 48 hours is common when the file is complete. What stretches the rest is the appraisal, the notary and whatever documents are missing. Set your financing condition to match.
Pick the situation closest to yours.
Contact
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.