For informational purposes only. Legibly describes what a document says in plain English. This is not legal, financial, or investment advice, and is not a substitute for advice from a qualified professional.

See what your mortgage commitment letter actually says.

Upload a mortgage commitment letter or disclosure statement and understand the principal, interest rate, amortization, prepayment options, and default conditions — in plain English.

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What Legibly extracts

Every key term, surfaced and explained in plain English.

Principal amount and interest rate (fixed or variable)
Amortization period and payment schedule
Prepayment privileges and penalties
Renewal terms and conditions
Default conditions and lender rights
Portability and assumability
Mortgage insurance requirements

Things worth understanding

Examples of what Legibly surfaces in documents of this type — so you know what questions to ask.

›Prepayment penalties larger than expected
›Variable rate triggers on rising prime rate
›Short renewal windows with automatic terms
›Lender right to demand full repayment on certain events
›Collateral mortgage that ties multiple properties

Legibly describes what a document says. Whether any clause affects your rights or obligations is a question for a qualified professional in your province.

Private by design

Your file is analyzed in memory and immediately discarded. Only the plain-English summary is saved. Your document is never stored, indexed, or shared.

Common questions

Does Legibly work with both fixed and variable rate mortgages?

Yes — upload any PDF mortgage document and Legibly will identify the rate type, terms, and key conditions.

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