Finally: Some GOOD (important) News

Category: Real Estate Agent, Renew Refinance,

Good News – LAWYER E-Signings

Some lenders are allowing conveyancing through video conferencing or remote signing. Wooo!!

Not all lenders allow this yet. So far, it’s just (that I know of): Scotia, First National, Home Trust, RBC, RMG, MCAP.
TD is a hard no so far…

Not all lawyers can do this. Tony Spagnuolo, owner of Spagnuolo and Company, which has 18 offices across the lower mainland, is currently handling the remote singing himself. So far, one of my clients is working with him on this and I’m sure more of his lawyers will be shortly.

Process: Clients should print their documents, meet with Tony or one of his lawyers on Zoom, sign in front of the screen, and then return the documents to Tony’s office (scan and email, or drop off to their Coquitlam office).

I’m sure more lawyers will be implementing this practice going forward.

Continue Reading:

Read Article

Down Payment Documentation

Category: Renew Refinance,

When you purchase a home, Canada’s Anti-Money Laundering (AML) policy requires us to prove, for a (1) 90-day period, (2) where your money came from. The 90-day period is satisfied if you can provide: 3 months of bank/investment account statements, or 90-day history of your transaction history. Need help? Give us a call!  Confirming where your money came from can […]

Read Article

COVID-19 & Mortgage Deferrals

Category: First Time Buyer,

The Real Cost of Mortgage Deferrals These are unprecedented times and my gut reaction is that it’s important to feel financially secure; when your income is suffering, having to make mortgage payments does not help overall anxiety levels. If your finances have been negatively affected by COVID-19, I believe you should defer payments. The below information may help you make a choice. If […]