Simplify your transaction when you choose us as your Real Estate Lawyer for the Refinance of your home closing in the Mississauga, Brampton, Milton, Oakville, Toronto or the GTA.
Step 1 – Contact Law Booth ™ and provide:
Step 2 – Arrange your mortgage
You should contact a lender directly or through a broker to obtain a mortgage to finance the property. If you need help finding a mortgage broker, please ask us.
Step 3 – Arrange Fire Insurance – DOES NOT APPLY TO CONDOS
You are responsible for arranging Fire Insurance that contains the lenders information as the mortgage company. We will require an “Insurance Binder” from you or your broker prior to the completion of the transaction. If you need help finding an insurance agent, please ask us. You may already have fire insurance from the previous mortgage. Contact your insurance representative and provide them with the new mortgage information and send us a copy of the updated binder.
Step 4 – Document Execution
Depending on when we receive documentation from the bank and the other lawyer, we will draft all the paperwork for you to sign approximately one week before closing. At that time we will also advise you of the amount of money you need to bring to complete the transaction.
If you have to bring in the balance of money due on closing, if any, by certified cheque or bank draft payable to: “Law Booth Professional Corporation, IN TRUST”
When attending our office to sign any documentation you must bring with you two pieces of current identification. One must be a Canadian/Ontario government photo identification. (ie. Driver’s licence, Citizenship Card, Permanent Resident Card or Passport). The other can be a major credit card or SIN card.
Step 5 – Pick-up the Documents
We endeavor to complete transactions as early as possible. A typical deal closes between 4:00 – 5:00 PM. We will contact you and inform you as soon as the closing is done so that you may pick up the closing documents and any residual mortgage funds.
Refinance price per mortgage includes:
Ontario Pricing: $779.00*
* Plus applicable taxes.
** Additional processing and registration fee if a transfer of title is required
*** As of April 1, 2016 the City of Toronto is charging an administration fee of $75.00 + HST on any transactions requiring a title transfer. If applicable, this fee would be in addition to the quoted fee.