Link title in the Mortgage Financing Agreement

Aug 6th, 2022
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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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In Ontario you have to file an electronic Land Transfer form with the Land Titles Office to add someones name to your property title. However by doing so, you are doing more than just adding a name. You (the transferor) are legally transferring an interest in the property to the other person (the transferee).
This will be determined based on the instructions of the lender. It is common for both spouses or common-law partners to be named on a property title as joint tenants. This means that each spouse or common-law partner has an ownership interest in the property and there is a right of survivorship.
An AFS allows a Buyer to purchase property without the need to qualify for bank financing. The Buyer looks to the Seller to provide the financing and, in the result, essentially negotiates the terms of that financing with the Seller.
Link offers both seller-provided home loans and convertible leases to consumers entering new careers, gig workers, business owners or those simply having a difficult time qualifying for a traditional home mortgage.
Generally, if both are included as part of the mortgage approval process, then both will need to be named on the property title. Similarly, if only one spouse or common-law partner is approved for the mortgage, it is likely that they will be the only person named on the title.
Link was created to offer 96.5% Financing in the form of a FHA loan to a Housing agency that in turn executes a Land Installment contract setting the Client for success. Client gets to take advantage of appreciation and has the ability to refinance once the situation improves or minimum required time has passed.
Whos going to get the house? Well, its kind of a trick question because it doesnt matter. It doesnt matter whose name is on the deed or whose name is on the mortgage. Nine times out of 10 what matters is when the house was purchased and with what type of funds it was purchased.

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