Mortgage refinancing in Edmonton, AB

"Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth."

-Robert Kiyosaki

Mortgage refinancing

When it comes to refinancing your mortgage, there are many advantages for either your home or commercial property. With this said, the process can be challenging to understand, which is why having a mortgage refinancing lawyer by your side throughout the process ensures you get the best deal possible. In most cases, the goal of adjusting your mortgage terms is to gain access to the equity that has been built into a property. Home and business owners may also pursue refinancing due to economic changes that provide a more advantageous term for their properties.

It is essential to acknowledge that refinancing a home or commercial property is a long and comprehensive process. Very often, it requires the need for document disclosures between owners and lenders. The following documents may be required:

  • Title insurance
  • Grant deeds
  • Warranty deeds
  • Quitclaim deeds

Refinancing A Commercial/Business property

Commercial properties typically are utilized for business ventures among their owners either for revenue or purely as an asset. Based on the specific case, some of these business ventures entail various responsibilities, including collecting rent, expenses such as insurance, financing and even maintenance. Due to the outstanding commitments that surround each case, it is essential on a case-by-case basis to ensure that you follow the appropriate protocol for your commercial property to adhere to regulations. We know that you probably have a host of questions you are ready to ask regarding your mortgage. Well, rest easy; our team of legal professionals can answer just about any question you have, including:

  • How to get the best interest rate for your unique needs?
  • What are the ideal options for reinvesting capital resulting from the refinancing?
  • Are there pre-payment penalties from the original loan?
  • What is the optimum loan structure for refinancing?
  • Which documents are required for specific categories of loans?
  • Which conditions should I be wary of when changing from my original loan?

Other reasons you may be seeking to refinance your mortgage

  • Switching to a fixed-rate or adjustable-rate mortgage.
  • Seeking lower interest rate.
  • Borrowing against equity to accommodate a considerable expense
  • Adjusting the term to pay your mortgage off faster

In most cases, a home is the most significant investment and essential for retirement. Because of its importance, we move quickly, efficiently, and care to ensure that our clients get the best refinancing advice possible.

Contact Us

If you have any questions, contact our offices now to speak with a real estate lawyer so we can help with buying, selling or refinancing your property. We are available 24/7. We are a militant group of real estate lawyers, and we ensure that our clients throughout Alberta understand the entire purchasing/selling process from beginning to end.