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Purchasing

Acquiring a residence can be a thrilling period in a person's life. However, it can also generate significant stress if one lacks knowledge or comprehension of the many needs. Chandra Law Group may assist you in comprehending the intricacies and dynamics involved in purchasing a home.

If you are a first-time home buyer or planning to move, a Chandra Law Group attorney will assist you throughout the process, including creating purchase and sale agreements and organizing your finances.

Initial payment
A down payment refers to the monetary sum that is contributed towards the purchase of an item. The required down payment amount will be contingent upon the buying price of the residence. On average, individuals usually allocate between 5 to 20 percent of the total purchase price as a down payment. Increasing the size of your initial payment will result in more advantageous conditions for your mortgage.

A mortgage is a legal agreement in which a person borrows money from a bank or financial institution to purchase a property, with the property serving as collateral for the A mortgage is a loan provided by a bank or creditor. A mortgage calculator can be utilized to ascertain the maximum amount you can borrow for a property acquisition. There is a wide range of mortgage options and lines of credit available. It is strongly advised to compare offerings from various financial institutions.

Additional expenditures and organizing financial resources
When buying a home, there are several costs that need to be considered, such as mortgage insurance, property taxes, and utility bills. Therefore, it is crucial to ensure that your finances are well organized and in good shape before to making such a substantial investment. Initiating a practice of saving money and eliminating all debt is crucial in order to secure a favorable credit score and obtain the most advantageous mortgage interest rate.

Government programs that provide financial incentives and benefits specifically targeted at those who are purchasing a home for the first time. For individuals who are purchasing a home for the first time, this period will be filled with great excitement. We can assist you in capitalizing on various benefits provided by the Canadian government. Some examples of these benefits are the First-Time Home Buyers’ Tax Credit, Land transfer tax rebate, and the GST/HST New Housing Rebate.

To avail oneself of these perks and to seek information regarding the house purchasing procedure, please call a Chandra Law Group attorney!

The Process of Purchasing a Home
The process of purchasing a property can seem intricate and convoluted. Our Real Estate Lawyers can assist you in navigating through this procedure. An attorney may assist in verifying the current status of property taxes, validating the land's title, and ensuring there are no encumbrances on the property, so preventing any unexpected issues and providing you with peace of mind.

The subsequent information provides a straightforward and precise sequential manual that is representative of the process of purchasing a home.


A. Retainer
When selecting a lawyer to oversee the completion of your buy, it is crucial to comprehend the specific services they will be offering. Chandra Law Group issues a Retainer Letter to every client, outlining the specific services we offer to ensure a seamless procedure.
B. Negotiations:
After selecting the desired home and making an offer, our attorneys can assist in negotiating the purchase agreement with the seller or their representative.
C. Title Search
In order to prevent any unexpected issues from arising during the buying procedure, our real estate attorneys perform a title search to verify the presence of a legally recognized title on the property. Furthermore, conducting a title check will provide a comprehensive report on any existing concerns or possible complications related to the property. Subsequently, we will dispatch a Title Requisition letter and meticulously assemble all necessary closing documents, which will then be promptly forwarded to the legal representatives of the seller.
F. Decide
Decide whether you want to refinance with your existing lender or explore other lenders to compare the interest rates they provide.
G. Be ready
Be ready to incur additional charges, if appropriate, when completing and concluding your refinance.
D. Paperwork
Ultimately, we will arrange a meeting with you to thoroughly review and execute the necessary paperwork, which encompasses the Title Search, financing papers, and closing documents.
E. Deadline
That concludes everything! Upon the completion of all document processing by both parties on closing day, you will formally assume the role of a proud new owner. We provide you with the evidence of ownership, the closing report, and any necessary signed paperwork. Refinancing

Our attorney specializing in refinancing can assist you with refinancing your mortgage promptly. To obtain further details, please reach out to Chandra Law Group.

Refinancing your mortgage involves substituting your current mortgage with a fresh mortgage. There are other rationales for refinancing your mortgage, such as obtaining a reduced interest rate or decreasing your current monthly payment.

Although refinancing can offer numerous advantages, it is crucial to enlist the assistance of a refinancing attorney to navigate the process and prevent any potential legal complications.

The process of refinancing involves obtaining a new loan to replace an existing loan, typically with more favorable terms. Initially, upon making the decision to refinance your mortgage, it is advisable to reach out to your existing mortgage company in order to ascertain their specific prerequisites for refinancing. Certain lenders may have certain requirements that must be fulfilled prior to the discharge or adjustment of a mortgage.
Reach out to our refinancing attorney at Chandra Law Group today to schedule a consultation for expert advice on refinancing your mortgage.