Residential Real Estate Transactions

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Residential Real Estate Transactions

Haghani Law helps you to maneuver the complicated road of residential real estate purchase or sale transactions. We believe that purchasing or selling a house need not be a complex process for the purchaser or seller. Leave the complexities to us. We will ensure that all aspects of the deal are clearly explained to you. Our focus will always be on advancing your interests and minimizing your risks.

We are fully transparent about our fees. No one likes surprises when it comes to their bills. In Ontario, most of real estate lawyers bill their clients in either of the following two ways:

  • Fees plus disbursements: they will quote you the legal fees that they will charge but not the disbursements, which will finally get added to your bill, along with taxes. Disbursements are out of pocket expenses that your lawyer will spend on your matter. Examples include postage, registration fees, and search costs. The main reason behind this method of billing is that at the time of intake, it may not be possible to estimate how much disbursements will have to be incurred on your matter.
  • All inclusive flat-fee: you will know exactly how much you will pay at the end, including the fees and disbursements. Providing your lawyer with some information in advance may, in some circumstances, allow him or her to determine the approximate cost of disbursements.

Here at Haghani Law, the choice is yours. Tell us about your transaction and we will be happy to work with you.

Real Estate

Mortgage and Refinance

What is often referred to as getting a mortgage means seeking a loan and giving a mortgage on your real estate as security for the repayment of the loan. Most of us cannot afford to pay the entire price of the property we wish to purchase and as such have to give a mortgage to the lender.

The single most important consideration when shopping around for mortgage is interest rate. Once you find the lender who is willing to provide you with the loan with an ideal interest rate, they will ask you to submit an application. The lender will then appraise the property and look into your credit. If the lender decides to proceed with the loan they will issue a “mortgage commitment” that outlines the terms of the mortgage and requires your signature.

In a purchase transaction, the lender will typically send the documents to your lawyer and provide him or her with instructions that must be fulfilled before funding.

At Haghani Law, we will ensure that you understand the terms and conditions of the mortgage before signing. Most likely, this will the largest loan and the most important financial transaction that you will engage in. It is imperative that you are well-aware, and allow a skilled, professional, and experienced lawyer to handle it for you.

Mortgage And Refinance