Related Fees...
Guidelines of Fees Required To Complete Mortgages
All pricing below is approximate and is an estimate only. Each transaction pricing may vary, contact professional and corporate bodies for exact pricing.
Legal Fees |
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| Registration of First Mortgage | Including all taxes & disbursements | $800.00 to $1,200.00 |
| Sale of Property | $375.00 to $500.00 | |
| Refinance Property | Plus $20.00 to $75.00 per payout | $375.00 to $750.00 |
| General Security Agreement | Mobiles not on land | $500.00 to $750.00 |
| Copy of Property Tax Notice | $20.00 | |
Strata Bylaws & Meetings:7 to 10 days |
.25 per page | $50.00 |
| Strata Rules & Regulations: 7 to 10 days | Including financials & balance sheet | $50.00 |
| Form B - 7 to 10 days | If 24 hours add $100.00 | $35.00 |
| Property Tax Adjustments | Property tax | Varies - will be lawyer disbursement |
| Title Insurance | At lawyers / Notary | $200.00 to $350.00 |
| Survey Certificate | Residential | Starting at $550.00 to $1,500.00 plus, Contact local surveoyr for accurate pricing |
| BC Property Purchase Tax | Adjustments at Lawyers / Notary | 1% first $ 200,000 then 2% thereafter to a maximum purchase price of $425,000 |
| Appraisal | 2-12 days time frame | |
| If High Ratio | $165.00 inclusive underwriting fee | |
| Local | ||
| Basic Package | $325.00 to $450.00 | |
| Full Package | $375.00 to$500.00 | |
| Rural | ||
| Basic Package | $425.00 to $500.00 | |
| Full Package | $475.00 to $550.00 | |
| Property Inspection | 2-5 days time frame | Travel mileage may be charged |
| Living space 2,000 sq. ft. | $344.50 to $500.00 | |
| Each additional 500 sq. ft. | $32.00 to $45.00 |
| Lender Fees | Varies, depends upon style of lender | 0 to 10% of mortgage amount |
| Mortgage Broker Fees | Varies usually depends upon if & what the lender pays | Evaluation Fees: $125.00 to $2,500.00 Broker Fees: 0.25% to 5.0% |
Lenders & Brokers require a minimum of 2 working days for approval of appraisal.
Dollar value is only a portion of approval, appraisal comments and contents may devalue the appraisal. Allow 3-5 working days for Lender and Mortgage Broker commitment from the time they receive appraisal.