We help you factor in all necessary details for refinancing your mortgage.

By refinancing your loan you're performing a complete overhaul so you do not need to agree to a loan with similar terms. If you initially went with a fixed-rate you have the absolute freedom of choosing any other type of mortgage loan. However, understand that refinancing can be tricky, and you should keep our tips in mind when considering it.

What do I need to bring to the notary's office?

  • Two pieces of government issued picture IDs
  • Property address to be used as collateral for the mortgage
  • Existing mortgage's statement or bank name and account number
  • Insurance agent and home insurance policy information
  • The name of the strata management company (if the property is a strata)

Additional information (depending on the bank's funding condition)

  • Proof of payment of other debts (car loan, credit card bill, line of credit, etc)
  • Proof of Change of name (if applicable)

Common Mistakes

    Have sufficient insurance in place
    Your mortgaging bank and lender will require specific insurance in place. Make sure you understand that your mortgage bank requires and enough insurance in place for mortgage funding purposes. Some of the common required insurance coverages are:
    • Full replacement cost of the property for the following coverages*:
      • Fire
      • Flood
      • Sewer backup
      • Earthquake
    • Having a mortgage lined up will ensure that you have enough financial assurance to complete the purchase.
    • Any delay in the completion of your new home will mean you are in breach of your contractual terms, and the seller is entitled to ask for additional compensation for the delay.
    *the above list is not a full extension list. It is for reference only
    Refinancing too often
    Not only does this mean that you are subject to additional legal fees, it also means that you will need to repurchase title insurance coverage for the new lender.
the conveyancing process

You have our support at each step of the process.


Choose a Lender

The first step is to choose a lender for your new mortgage. You also have the option to hire a mortgage broker who will shop around and show you different mortgage plans.


Receive new mortgage instruction directly from the Bank

We will request payout statement for your existing mortgage and correspond with the existing mortgaging bank directly.


Provide additional information

We will reach out to request additional information aside from the above depending on the bank's conditions for funding


Sign the documents

You will have to schedule a meeting to sign the closing documents.


Wait for Registration

On the completion date, the new mortgage will be registered and the mortgage proceeds will be sent to us from your lender.


Receive the net mortgage proceeds

We will use the mortgage proceeds to payout your existing mortgage and any other debts as per your mortgage lender's instructions, and the net mortgage proceeds will be delivered to you.

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