Mortgage Amending Agreement Alberta

If you`re a homeowner in Alberta, you may be familiar with the concept of a mortgage amending agreement. This legal document is an updated version of your original mortgage agreement and is used to make changes to the terms and conditions of your mortgage. Here`s what you need to know.

Why Do I Need a Mortgage Amending Agreement?

There are several reasons why you might need to update your mortgage agreement. For example, you may want to refinance your mortgage to take advantage of lower interest rates, or you may want to change the term of your mortgage to better suit your financial situation. A mortgage amending agreement is necessary to formalize any changes to your original agreement and ensure that all parties are aware of the new terms and conditions.

What Is Included in a Mortgage Amending Agreement?

A mortgage amending agreement typically includes the following information:

– The names and contact information of all parties involved

– The current details of the mortgage, including the original loan amount, interest rate, and term

– The proposed changes to the mortgage, including any changes to the interest rate, term, or payment schedule

– The date the changes will take effect

– Any fees associated with the changes

How Do I Create a Mortgage Amending Agreement?

Creating a mortgage amending agreement can be a complex legal process, so it`s important to work with a lawyer or other legal professional who is experienced in real estate law. They can help you draft a legally binding agreement that meets your needs and protects your interests.

Once the agreement has been drafted, it must be signed by all parties involved, including any co-signers or guarantors. The agreement should also be registered with the Land Titles Office to ensure that it is legally enforceable.


A mortgage amending agreement can be a useful tool for homeowners in Alberta who wish to make changes to their existing mortgage agreement. Whether you`re looking to refinance your mortgage or change the terms of your existing loan, a mortgage amending agreement can help you formalize the changes and ensure that all parties are on the same page. To ensure that your agreement is legally binding and meets your needs, it`s important to work with a legal professional who has experience in real estate law.