Sometimes, you may need to refinance your mortgage due to the fluctuations in the marketplace, such as changes in interest rates, or when you consider the amount of equity you may have in your property.
You may be considering co-owning a property with a relative, close friend or your spouse. Whether it’s an investment property or your first home, it is important to clearly understand what the obligations and interests will be under the ownership structure you plan to enter into.
If your property is undergoing a foreclosure, you may be entitled to a portion of the proceeds of the sale of that property under the exemptions provided under the Civil Enforcement Act and The Civil Enforcement Regulations of Alberta. If your principal residence is forcibly sold, for example, you may be entitled up to $40,000.00 of the proceeds from the forced sale.