Mortgaging and Refinancing
One of the biggest and most important purchases you will make in your lifetime is the purchase of your home, cottage or investment property. A mortgage is an integral part of most purchase transactions. A mortgage can allow you to purchase your first property, or to borrow against a property you already own to purchase another property. In today’s low interest rate environment, many homeowners are refinancing to consolidate high interest rate debts into a single, lower rate mortgage.
The real estate lawyers at Elliott and Hills will act for you (and often also for the company providing the mortgage) to ensure that all of the documents required to register your mortgage are completed accurately and in a timely manner. We have excellent working relationships with many local lenders including banks, credit unions and mortgage brokers. We work with you and your lender to ensure that any problems that arise are resolved and that your mortgage is registered and funds advanced on closing.
Most mortgages and refinancings can be completed for a flat fee, including disbursements. The fee charged by the government to register each mortgage is extra, as is the cost of title insurance, which is usually a requirement of the mortgage lender.
To enquire about mortgaging or refinancing a property, please contact Elliott & Hills by e-mail or call 1 905-571-1774. From offices in Oshawa, Ontario, we represent clients throughout the Durham Region.