Real Estate Refinancing
Mortgage Lawyers

Refinancing your mortgage opens doors to new financial opportunities, which might not have been there before. Our mortgage lawyers in Calgary will work closely with you to create that opportunity, whether you pull out equity for investments, consolidate debt, or upgrade your mortgage terms.

Mortgage refinancing allows for a fresh financial start and an opportunity to create a responsible financial plan for the future. There are several reasons you might be looking into refinancing your mortgage, such as:

  • Switching lenders (i.e., private mortgagees, banks, or trust companies) so you can take advantage of a better mortgage rate and terms;
  • Consolidating multiple credit cards or lines of credit with high interest. These debts can be paid out using mortgage funds while taking advantage of the lower interest rate and better terms;
  • Consolidating multiple mortgages or home equity lines of credit into one to make payments to only one debt and make repayment more convenient;
  • Needing funds to buy out a former spouse’s share in the house as part of a separation or divorce process;
  • Paying out an existing mortgage or home equity line of credit with the funds from a new lender;
  • Pulling out equity from the property for personal use.

Regardless of your particular purpose, a mortgage is a complex transaction. Having one properly completed by a mortgage lawyer in Calgary ensures you reach your goal without surpises. Mortgage lawyers understand the legal intricacies of real estate financing regardless of the size of your mortgage, type of real estate or purpose of your financing.


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What You Need to Know About Mortgages Lawyers in Calgary

Calgary Mortgage Lawyers

Lawyers specializing in mortgages protect their clients’ interests and ensure that transaction is legitimate and closes as scheduled. Mortgage attorneys review the paperwork and advise the borrowers on the nature and legal terms of the mortgage. Additionally, refinance lawyers may represent banks and other lenders, conducting due diligence before receiving the mortgage funds or assisting in cases of default or foreclosure.

CHOOSING A CALGARY LAWYER WHO FOCUSES ON MORTGAGES

Each mortgage refinance transaction is unique, and a good mortgage lawyer must have sufficient experience to handle your specific transaction appropriately. Similarly, look for a Calgary law firm with transparent legal fees as you want to prevent unhappy surprises in the end. Finally, consider reviews and what other people say because they give valuable guidance from those who worked with that lawyer before.

WHY TRUST YOUR mortgage transaction TO US?

Mortgage transactions are often time-sensitive and must be completed without delays. Our goal is to make this process as smooth and predictable as possible. We always keep all parties informed throughout the process, including yourself, your mortgage broker, and the lender. This ongoing communication ensures a smooth process. If you are refinancing due to a separation process, we cooperate with your family lawyer and keep your best interests in mind.

Our mortgage lawyers arrange a timely receipt of mortgage funds and a timely payout of existing debts, so your net funds are available as soon as possible. We will also work with you to remove your prior mortgage from your title and help pay off any other debts, such as credit cards and lines of credit.

We are one of the few firms in Calgary offering flat rates for standard transactions. Our pricing is published on our website, so you always know what to expect.

HOW DLEGAL mortgage LAWYERS WORK
  1. Once you’ve found a mortgage lender, whether by yourself or through a mortgage broker, we will step in to start preparing the paperwork.
  2. We will contact you to obtain the initial required information and documents to draft up the paperwork. At this time, we will also communicate with your existing mortgage lender and other creditors to facilitate payments of existing debts.
  3. You will meet with our lawyer, who will take you through all the paperwork, explain the numbers, and answer all your questions.
  4. We will then request the mortgage funds from your new lender and submit your new mortgage to the Land Titles for registration.
  5. At the same time, we will coordinate with all other parties involved, such as your existing mortgage lender and other creditors, to distribute the mortgage proceeds appropriately and without delays. Your mortgage refinance lawyer will also remove all paid-out mortgages from the title.
  6. Finally, upon paying your current debts, we will return the balance of the new mortgage advance to you. After this step, you will be set for a fresh financial beginning.
Do I need a lawyer to refinance my mortgage?

Yes, it is essential to have a good mortgage lawyer for your transaction. Experienced mortgage attorneys help protect your interest, avoid unpleasant surprises and unnecessary expenses. Lawyers communicate with all the parties involved, conduct due diligence, prepare the paperwork, receive your mortgage funds and ensure that your transaction runs smoothly while all debts are paid out without delays.

Fees
Mortgage Refinancing
Under $199,999 $995
$200,000-$299,999 $1145
$300,000-$399,999 $1195
$400,000-$499,999 $1245
$500,000-$599,999 $1295
$600,000-$699,999 $1345
$700,000-$799,999 $1395
$800,000-$899,999 $1445
$900,000-$999,999 $1495

This includes all regular disbursements for one title and one mortgage (such as courier charges within Calgary, file administration, one payout, and land title fees to register one new mortgage and one discharge of previous mortgage. If required, costs of fees status certificate, additional searches, estoppel certificate, real property report, assignment of rents for rental property and additional couriers will be added. Rush fee will be added if we receive the documents 7 business days before closing. GST will be charged additionally.

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Lawyer & Notary
Anna Dunaeva

Anna perpetually works to surpass her clients' expectations. Through continuous communication, Anna delivers on her commitment to keep clients at the centre of her practice.

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