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: First Time Buyer,Home Purchase,Renew Refinance, When purchasing a home, Canada’s Anti-Money Laundering (AML) policies require us to provide for a(1) 90 day period,(2) where your money came from! The 90-day period is satisfied if you can provide: Need help? Let us know and we’ll guide you through it. Confirming where your money came from can be easy 😀 or frustrating 😢… Lenders are […] Read Article 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 […] Read Article