Close your mortgage. On time. On terms.

A mortgage closing lawyer makes your mortgage legally valid and registered against title. That includes reviewing the lender commitment, searching title, drafting and registering the charge in Teraview, obtaining title insurance, witnessing your signature, receiving and disbursing lender funds from LSO trust, and sending the lender the post registration report they require.

Residential lenders in Ontario require the borrower to retain counsel. In most cases the same lawyer represents both borrower and lender under joint retainer rules. Khan Law joint represents for the big six Canadian banks and most major credit unions. For private mortgages or where the commitment prohibits joint representation, borrowers retain Khan Law separately.

Lender commitment is typically issued 10 to 20 days before closing. Lender instructions to the lawyer can arrive as late as 2 to 3 days before closing, which is tight but workable. Khan Law tracks instruction status daily and escalates to the lender underwriter if instructions have not arrived by 4 days out.

Yes. Every residential mortgage in Ontario requires title insurance. The premium is a one time cost at closing. Coverage protects you against title defects, survey issues, fraud, and certain post closing risks. Typical premium on a 750000 home is 295 to 495.

On most residential mortgages with the big six banks, yes. The joint retainer is governed by Law Society of Ontario rules that define the circumstances under which one lawyer can act for both. Where interests diverge, separate counsel is required and Khan Law acts for the borrower.

Seven to ten days is standard once instructions arrive. Can compress to three to five days when urgent, particularly on refinances with rate hold pressure. Any faster requires the lender to issue instructions promptly and the borrower to be available for signing at short notice.

Lenders require a specific dollar amount of dwelling coverage plus loss payable clause in the lender name. If your binder does not meet the requirement, the lender will not fund. Khan Law reviews the binder at file open and sends corrections to your broker so the issue is fixed before closing day, not at closing.

A new mortgage is registering a charge where none existed before, typically on a purchase. A refinance is paying out an existing mortgage and registering a new one, often to access equity, reduce rate, or consolidate debt. Legal work overlaps but discharge coordination and break penalty handling distinguish the two.

Yes. Khan Law has joint retainer agreements with every major Canadian bank and most credit unions. For lenders outside the standard roster, including private lenders, MIC lenders, and smaller provincial banks, Khan Law acts for the borrower only and the lender retains its own counsel. Fee structure does not change.

Call Khan Law immediately. Rate holds expire, and lenders can charge rate increase fees or require the commitment to be re underwritten. Most rate hold crises can be saved if Khan Law is engaged three to five days before expiry. Engagement 24 hours before expiry is possible but tight.

Yes, with penalties that depend on your mortgage terms. Fixed rate mortgages charge the greater of three months interest or the interest rate differential, which can be large when rates have dropped since you signed. Variable rate mortgages typically charge three months interest only. See the refinance page for the break even math.

Legal time is included. Not included: title insurance premium (pass through to insurer), Teraview registration (pass through to government), HST on legal fee, FINTRAC and courier disbursements, appraisal if required by lender. Every item itemized before file opens.