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Buying a Home: Interest
July 14th, 2023 by SNJ
If you are arranging for part of the purchase price to be paid by way of the proceeds of a new mortgage, the process of registering the transfer of land and the mortgage documents in Manitoba may require that the transaction be closed without the mortgage funds being available to the buyer. This may result in the proceeds not being available to the seller immediately… Read More »
Selling a Home: Interest
July 14th, 2023 by SNJ
When you sell a home, a typical offer to purchase provides that the purchaser is entitled to pay for part of the purchase price through proceeds of a new mortgage. If so, payment of the sale proceeds to you may be delayed by the time required to register the purchaser’s transfer of land and a new mortgage at the Land Titles Office. In that regard,… Read More »