5 Steps for Refinancing Your Mortgage


If you decide to refinance your existing mortgage and place a new mortgage on your existing property L&H will be happy to assist you.

Here’s how the process works:

STEP 1

  • The first step in this process is to advise your mortgage broker or lender that you will be using L&H as your solicitors and provide them with our contact information.
  • Once the broker or lender provides our office with all of the necessary documentation, we will contact you to set up an appointment to sign the relevant paperwork.

STEP 2

In order to ensure that the Refinance goes smoothly please email or call us with the following information:

  • Full name(s), phone number(s), email address(es) and marital status and/or relationship of each person named on mortgage (including any guarantor(s), if applicable) for all people listed on the new mortgage.
  • Details of your existing mortgage (if any), including the name of the lending institution, the mortgage reference number and branch address/contact.
  • If you are required to pay out any existing debts, such as credits cards, student loans, line of credits, etc. please provide us with the relevant account numbers/statements and details associated with those debts so that we are able to make the necessary payouts on closing.
  • We will require two (2) pieces of government issued identification (ID) for each person named on the mortgage. The first ID must be a photo ID such as a driver’s licence or passport. The second piece can be a credit card/birth certificate/SIN Card/etc. Please provide both front and back of the ID (note: Health Cards are not sufficient) at our meeting.
  • Please provide us with your insurance certificate/binder with the updated mortgage information. You will need to contact your insurance broker/company and have them fax our office the insurance certificate/binder (NOTE: Not applicable when refinancing a condominium).
  • Please provide our office with a copy of a “VOID” cheque with the name of at least one (1) of the people on the mortgage on the cheque.

STEP 3

  • Once our office has received all of the necessary documentation from the lending institution, we will prepare your file and contact you to set up an appointment.

STEP 4

  • After our office has successfully registered the new mortgage on title to your property we will make all of payments of prior mortgages, debts, etc.

STEP 5

Closing Package

  • Within two (2) months of your closing date, our office will mail you all of the relevant documents and a detailed breakdown of the costs and fees associated with your purchase.

Contact us today to get started.

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