Mortgage refinancing lawyers help people to pull equity (value) from their property. A mortgage is a document that secures a lenders loan. Everything below is equally applicable to financing or refinancing. The term mortgage financing is used when someone is getting a new loan on their property. The term mortgage refinancing is used when people replace an existing loan with a new one. In Alberta, mortgages are registered on title at the Land Titles Office.
Why Refinance a Mortgage
There are many reasons to refinance a mortgage. They include:
- Securing better mortgage rates or terms;
- Consolidating debts (such as credit cards) with a lower rate mortgage;
- The addition of a line of credit;
- Home renovations or vacations;
- Removing someone from the mortgage and/or title;
- Buying out someone’s interest in the property;
- Accessing funds for investing;
- Free up equity for other purposes; and
- Transferring mortgage debt for better tax planning.
Situations Where Our Mortgage Refinancing Lawyers Can Help
Residential mortgage refinancing or financing
Whether new financing or replacing an existing loan our mortgage refinancing lawyers can help you. Using a lawyer ensures you understand your obligations and liabilities under the mortgage. Mortgages are used to secure both regular housing loans and secured lines of credit. We explain to you what you need to know about the mortgage. We also go over easy ways to save thousands of dollars during your mortgage. Learn more about saving money on your mortgage with our video.
Commercial mortgage refinancing or financing
Commercial mortgage refinancing lawyers have additional experience in dealing with issues specific to commercial transactions. The security documents for commercial mortgages are often more numerous and complex. Additionally, lenders are often protected with the addition of specific searches that are not done in residential loan situations.
Other non-mortgage refinancing loans
Sometimes people do not use a mortgage to secure debt. The debt can be secured on the title to a property by way of an agreement charging land or a promissory note charging land. Our mortgage refinancing lawyers can assist with these types of security documents.
As part of our mortgage refinancing legal services, we act for many private lenders. Our mortgage refinancing lawyers protect our private equity lending clients through proper security. We also have a foreclosure team that can assist if a borrower does not pay.
Lawyers Who Save You Money
The experience of our mortgage refinancing lawyers can save you money. The experience in dealing with billions of dollars of mortgages has led us to develop ways of savings clients money. Often, these savings exceed our legal fees and have been as high as thousands of dollars. Our video help you understand this simple yet effective money saving technique.
Who We Act For with Mortgage Refinancing
The mortgage refinancing department at Kahane Law Office acts for private and corporate lenders and financial institutions as well as borrowers for both residential and commercial lending.
Refinancing Lawyers: Here When You Need Us
When we act for a mortgage refinancing, we have flexibility to serve your needs. Due to our number of mortgage refinancing lawyers and paralegals, we can meet your timing needs. While a rush fee may apply, where necessary, we have funded mortgages in less than 24 hours.
Retaining Calgary Based Mortgage Refinancing Lawyers
Many residential refining clients just tell their mortgage specialist that we are acting. The mortgage specialist then instructs the lender. The lender then sends us mortgage instructions and we draft the required documents.
If you have mortgage refinancing related questions, contact the experienced team at Kahane Law Office today to see how we can help in your financing situation. We are located in Calgary, Alberta. Call toll-free at 1-877-225-8817 (403-22508810 locally), or email us directly here.