Kelowna Mortgages | BC Mortgage Broker | Kelowna's Best Mortgage Rates | BC Mortgages


Click to return to the 'BC Direct Mortgages - Your Kelowna Mortgage Broker' Main Page

  November 21, 2008  

In Kelowna Call: (250) 762-2070

 
     

 
 








Click here to learn more about linking your website to ours

Before You Sign the Offer



Select a lawyer as you'd select a real estate agent: seek competitive fees, excellent service, knowledge, approachability - in other words, value.

Involve your lawyer before you sign the Offer, which becomes a legal Agreement of Purchase and Sale once you and the seller sign it. Have your lawyer read the document carefully and review it with you. Once it's signed and accepted, your lawyer will order a series of searches from various municipal offices to ensure that the vendors haven't been sued, that they've paid all of their property taxes and water, electric and gas bills, and that there'll be no outstanding mortgages or liens on the property once you become the owner.

Your lawyer will also draft a series of closing documents and review the closing documents drafted by the vendor's lawyer.
BC Direct Mortgages - We work for you, not the lenders!
For the best rates, Apply Now with your Kelowna Mortgage Broker!

Your lender and lawyer will co-ordinate and draft the appropriate documents. Your lawyer will notify the property tax offices as well as the utility offices that you will be the new owner as of the closing day.

A few days before closing, you'll visit your lawyer's office to sign the closing documents. Bring a certified cheque for the balance of the closing funds, because the lawyer pays the relevant parties on your behalf (land transfer to the government, balance owing to the vendor, etc.). Part of that amount covers the lawyer's fee and disbursement costs. The lawyer obtains the mortgage funds directly from the institution that's funding your mortgage.

 
   

Home | Application | Possibilities | Tools | FAQ | Privacy Policy | Links | Glossary | Articles | About Us | Contact Us | Site Map

website design by:
burningworks technical
BC Direct Mortgages Inc.
An Independent Member of the Mortgage Centre Network

#313 - 1664 Richter St, V1Y 8N3 - Kelowna, BC