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Services of Notary Public                                       

Real Estate Transfers

Mortgages

Power of Attorney

Wills

What is a Mortgage of Land?

A Borrower needs a home equity loan from a Lender for the purpose of buying real estate or any other asset or to refinance an existing loan(s).  The Lender agrees to lend the Borrower money on the condition that the Borrower grants a contract in favour of the Lender which creates a charge upon the Borrower's new or existing property thus giving the Lender rights to the Borrower's land as security to ensure the repayment of the debt.  The charge created is called an equitable "Mortgage".  The Borrower is called the Mortgagor because he or she does the granting of his equity in the property.  The Lender is called a Mortgagee because he receives the grant of the Borrower's equity in the property.  

Once the Borrower (Mortgagor) repays the Lender (the Mortgagee) the Lender restores the interest in the property  to the Borrower and releases all of the Lender's interest in the Borrower's property.  This is done by the Lender signing a Discharge of Mortgage which is then filed at the Land Title Office in which the particular property is registered.  

If you are borrowing money to purchase property, mortgaging property you already own or refinancing an existing Mortgage, I am fully qualified to prepare the necessary documentation and handle all trust funds and ask that you inform your lender's representative of my name, address and phone number if you wish me to do so.