You need the separation agreement, the agreed value of the property and the exact amount owed to your former spouse. Get that number in writing. It sets what can be financed.
Not every lender reads it the same
Some take certain income, others won’t. Some finance the property type, others pass. Credit gets read differently too. A no from one lender says little about the next, and who you approach first matters.
Submit once, complete
Send a full file and you skip the back-and-forth that costs weeks. Proof of income, down payment records and property documents ready up front. That’s how you keep a short deadline.
Documents to gather
What the lender will ask for.
Goal of the file
Income and documents
Debts and credit
Property or security
Timeline
Lender options
Frequently asked
Can I buy out my ex without a down payment?+
Often, yes. A spousal buyout lets many lenders finance up to 95% of value, as long as a written agreement states the amount. One catch: you have to qualify alone for the entire loan.
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. Have them 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.
