Mortgage - British Columbia

B.C. Mortgage will provide you with the custom completed documents required to register a Standard Mortgage on the title of residential or recreational real estate in B.C. By answering a few questions, our service will produce for you custom completed mortgage documents including:

Form B - Mortgage
Standard Mortgage Terms

These forms are all tailored to your specific transaction, and include simple and straight forward instructions to enable you to execute quickly and effortlessly. The fee for Mortgage is $29.00. The fee is payable in Canadian dollars, and is subject to 5% GST. Within a few minutes, you will receive your completed PDF documents by email.

To proceed, complete the entries.

Contact Information

The only contact information we need is your e-mail address. It allows us to send you the finished documents. It will not be included in the documents.

E-mail:

Please verify your e-mail address by entering it a second time.

E-mail:

Title Search

Have you carried out a title search of the property that will be mortgaged?

Prior to registering a new mortgage you may get a State of Title Certificate or a title search for the property in question. This can notify you of any current mortgages, liens, or other charges which appear on the title.

LegalDeeds can perform an online Title Search for $24.00 To do an online title search now click here otherwise please continue.

Applicant

The applicant will usually be the mortgagor (the borrower), and will receive correspondence from the Land Titles Office at the address entered. All information must be completed.

	Name:
	Address:
	City:
	Province/ State:
	Country:
	Postal Code:
	Phone Number:

Legal Description and Parcel Identifier

This information appears on the Contract of Purchase and Sale, Property tax notice or on the State of Title Certificate. It must be complete and accurate.

	Legal Description:
	Parcel Identifier (PID):

Mortgagor (Borrower)(s)

Fill in the Name(s) of the Borrower(s), their occupation(s), postal address(s) and postal code(s). One or two are allowed. Leave the second space empty if there is only one.

Mortgagor 1

	Name:
	Occupation:
	Address:
	City:
	Province/ State:
	Country:
	Postal Code:

Mortgagor 2

	Name:
	Occupation:
	Address:
	City:
	Province/ State:
	Country:
	Postal Code:

Joint Tenancy or Tenancy in Common

If there is only one Mortgagor (Borrower) proceed to. Mortgagee (Lender)(s) below.

If there are two buyers you must specify "Joint Tenancy" or "Tenancy in Common". This is the legal class of non exclusive ownership. This can be found on a title search of the property or on the Conveyancing (Property Transfer) documents (form A). Select one.

Tenancy Type:

Mortgagee (Lender)(s)

Fill in the Name(s) of the Lender(s), their occupation(s), postal address(s) and postal code(s). One or two are allowed. Leave the second space empty if there is only one.

Mortgagee 1

	Name:
	Occupation:
	Address:
	City:
	Province/ State:
	Country:
	Postal Code:

Mortgagee 2

	Name:
	Occupation:
	Address:
	City:
	Province/ State:
	Country:
	Postal Code:

Payment Provisions

What is the amount of the Mortgage (e.g. 64000.00)?

Mortgage Amount:

What is the annual interest rate % (calculated half-yearly, not in advance) (e.g. 6.750)?

Interest Rate:

What is the ammortization period of the Mortgage in years (when will the mortgage be payed off) (e.g. 25)?

Ammortization Period:

What will your monthly payments be (e.g. 854.45)? If you are unsure, leave this blank, and it will be calculated and entered for you.

Monthly Payment:

The interest adjustment date is the 1st day of the month following the reciept of the mortgage proceeds. (e.g. proceeds received May 22 = interest adjustment date of June 1st ) This date is used to calculate the one time interest only payment that is paid to the borrower on the interest adjustment date, for the partial month interest up to the first month of full payments.

Enter the interest adjustment date:

	Month:
	Day:
	Year:

The mortgage will have monthly payments. The date of the first payment will be the first day of the month, one month after the interest adjustment date. (e.g. interest adjustment date of June 1st => date of the first payment is July 1st)

Prior Encumbrances Permitted by the Lender

Enter any easements, right of ways, mortgages etc. that appear on the state of title certificate (i.e. Right of Way No. 427932M in favour of British Columbia Hydro and Power Authority).

Encumberances:

Review

Press the Review button to review your entries, and to proceed.

September 5, 2008