Refinancing / Equity Takeout
Calgary Lawyer to help you
If you are in the market to refinance your home or do an equity takeout through the placement of a new or additional mortgage, you might be asking, Why hire a lawyer?
You may have already met with your mortgage broker or bank representative and they may have explained to you that a borrower sometimes has a choice of completing the transaction with or without the involvement of a lawyer.
If you proceed on the “without a lawyer” basis (normally through a title insurance company), you will usually be given a quote for a flat fee. If you compare that fee to what a lawyer would charge to be involved in your transaction there may appear to be a cost savings. By proceeding on the “without a lawyer” basis, what you may not realize is what you are really “saving” is very little and doing so at significant cost.
The “cost” is that at by proceeding on the “without a lawyer” basis, at no point throughout the transaction will you have the benefit of any legal advice. Remember that a mortgage is after all an important legal document with serious implications for the borrower. A prudent person wants and expects some legal advice to ensure that they do understand the implications of that document. Only a lawyer can give legal advice. Once you take a minute to compare, you will find our fees very reasonable and a small price to pay for the peace of mind which comes from knowing you have received appropriate legal advice before you sign the documents.
Please click the link and fill out a form for free no obligation quote. We will contact you within 2 to 4 hours of your request.