Mortgage Refinancing Lawyers Calgary – Real Estate Lawyers

Mortgage Financing / Refinancing Lawyers – Real Estate Law in Calgary

Are you thinking of refinancing your mortgage in Alberta? Our Calgary Real estate lawyers can help you get the most out of your property and your mortgage.

Osuji & Smith, Calgary’s Mortgage Refinancing Lawyers Since 1980

We provide real estate law services across Alberta, including Calgary, Airdrie, Chestermere, Red Deer Lethbridge, Brooks and Edmonton. For more information regarding our real estate or other legal services contact us NOW!

Contact Osuji & Smith Calgary Real Estate Lawyers at  realestate@osujismith.ca

When is a good time to refinance?

There’s no denying that we have it good here in Calgary. Alberta is a beautiful place to live—from the Rockies to the badlands, the stunning views and relatively competitive housing market make our province a desirable place to invest in real estate.

However, after taking the plunge and purchasing a home, life can still unfold in unexpected ways.

You may find yourself in a position where refinancing your mortgage is a good option. Perhaps you need to consolidate some debt or remove someone from your original land title. In many cases, starting fresh is necessary.

What should you know before refinancing your mortgage?

Our team of trusted real estate lawyers will answer your questions and guide you through the process. Our experience within the Calgary real estate market gives us the knowledge to ensure you can successfully navigate the refinancing of your most significant investment.

When is a good time to refinance?

Each client and case is different.

There is no golden rule that determines the perfect conditions in which to refinance your mortgage. However, some of the more common reasons our Calgary real estate lawyers see are clients wishing to:

  • Take advantage of lower mortgage rates
  • Consolidate debt
  • Remove someone from the original mortgage (due to separation, death or divorce)
  • Pay off their mortgage faster
  • Access the equity they have already invested in their home to pursue other big purchases or investments.

Seeking legal counsel is highly recommended in these cases. There can be risks or disadvantages when refinancing, and an experienced real estate lawyer will be able to educate you on the best possible options for your unique needs.

What are the risks of refinancing my mortgage?

As in all real estate dealings, there is an element of risk due to the market’s unpredictability. Some of the concerns our clients express in regards to refinancing centre around:

  • Changing interest rates (what if they go down?)
  • Becoming locked into a lengthy amortization period (will I pay more interest?)
  • Reducing loan term (can I handle the bigger monthly payments?)
  • Equity (will I lose some of my investment?)

 

All of these are great questions to ask yourself when considering refinancing your mortgage. Osuji & Smith Lawyers will offer expertise to best deal with each unique client and case. As we mentioned earlier, refinancing is sometimes a necessary route to take. But by enlisting the guidance of a real estate lawyer, you can ensure that you will be supported every step of the way.

Before refinancing your mortgage contact Osuji & Smith Lawyers

Do not hesitate to reach out if you have any questions regarding a potential real estate transaction, or if you are experiencing legal issues following the purchase of your new home.

We provide real estate law services across Alberta, including Calgary, Airdrie, Chestermere, Red Deer Lethbridge, Brooks and Edmonton. For more information regarding our real estate or other legal services contact us NOW!

Contact Osuji & Smith Calgary Real Estate Lawyers at  realestate@osujismith.ca

Calgary Real Estate Lawyers: We Speak Your Language

Calgary has recognized Osuji & Smith Lawyers as a leader in employment, business, family, and real estate law.

In addition to winning the Three Best Rated Awards four years in a row,  Osuji & Smith was nominated for the 2019 and 2020 Employer Awards for Newcomer Employment, given by the Immigration, Refugees and Citizenship Canada (IRCC).

We speak English, Igbo, Mandarin, Cantonese, Bengali, Spanish, Japanese, Korean, French, Hindu, Punjabi, and Urdu.

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Osuji & Smith has just won the 2021 Three Best Rated for Best Rated Employment Lawyers in Calgary. This is our fifth win having won it in 2017, 2018, 2019, and 2020. We have also won the 2021 Three Best Rated for Best Rated Business Lawyers in Calgary for 2021. This is our third win having won it in 2019 and 2020. Osuji & Smith has also won the Three Best Rated for Best Rated Divorce, Civil Litigation, and Estate Planning Lawyers in Calgary. We have also won the 2021 Top Choice Award for Business Services in Calgary and the Hope Awards, Aspen, among other awards.

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Osuji & Smith Lawyers is known for its friendly team of legal professionals. We are client-focused and also driven to produce practical results for you.For years, our clients have trusted our experience and skill in solving their legal matters. Our skill is based on knowledge of the law and our ability to interpret it depending upon the facts of each case. Our dedicated team of lawyers is constantly striving to find unique resolutions for your complex issues. Our office is conveniently located in Kensington close to downtown Calgary, Alberta. For easy access, we also have free parking available for our clients.

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