Title
A legal document showing the ownership of a property. Title documents are registered with the land registry offices in each respective Province. Lenders providing a first mortgage require ‘clean’ title to a property before providing the mortgage. This means they have full, unrestricted and authentic ownership of the property. Mortgages are legally registered on title to protect the lender's financial interest in the property.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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