Now that you've found a suitable property, we now explore what is considered to be a daunting aspect of the mortgage process – the legal documentation and in particular its associated costs.

Many prospective homeowners find this process not only cumbersome, but also confusing and sometimes longwinded. From time to time, mortgage-financing companies are unjustly criticised for delaying a mortgage transaction, when in reality there is a legal impediment that is hindering the completion of the process. In such situations, it is important that the customer understands that the Company is not only seeking to protect its security/interest in the property, but more importantly that of the customer.

Here are the documents that are necessary in the legal process with regard to a Mortgage Transaction:

• Agreement for Sale
• Title Search
• Deed of Conveyance
• Deed of Mortgage
• Legal Fees: Attorney & Statutory Fees