What to Expect at a Mortgage Signature Meeting in Quebec

Purchasing a property is an exciting milestone, but it comes with a series of formal steps one of the most important being the mortgage signature meeting, typically held at the notary’s office in Quebec. Whether you’re a first-time homebuyer or a seasoned investor, understanding what to expect at this meeting can help reduce stress and ensure a smooth transaction. If you’re in the area, don’t hesitate to contact a notary in Laval for help.

1. Where and When It Happens

In Quebec, the notary plays a central role in the real estate transaction. Once all conditions of the offer to purchase are met (including financing and inspection), the notary will schedule two main appointments: one to sign the mortgage deed and the other to sign the deed of sale. These meetings often happen within days of each other and are usually held at the notary’s office.

The mortgage signature meeting usually takes place 1–5 business days before the deed of sale. The notary needs time to register the mortgage before transferring the property.

2. What to Bring

You should bring:

• Two pieces of valid government-issued ID (at least one with a photo)

• A void cheque or direct deposit information (for automatic mortgage payments)

• Proof of home insurance (mandatory before signing)

• Any documents your lender or notary may have specifically requested

3. What Happens During the Meeting

The notary will begin by explaining the mortgage deed in plain language. This document outlines:

• The principal amount of the loan

• The interest rate

• The amortization and term

• Payment frequency and options

• Prepayment privileges and penalties

• Default provisions and lender recourse

Although it might seem like a lot of legal jargon, the notary is there to make sure you fully understand what you’re signing.

You’ll then be asked to sign the mortgage deed, which authorizes the lender to register a legal hypothec (a Quebec-specific form of collateral) on your property. This gives the lender legal rights to the property in case you default on payments.

4. Money Transfers and Final Steps

At this point, your lender will release the mortgage funds directly to the notary, not to you. The notary uses those funds to pay the seller on the day of the deed of sale.

You may also need to transfer your down payment and closing costs (including the notary’s fees and land transfer tax, or “welcome tax”) to the notary’s trust account before the deed of sale is signed. Instructions and deadlines are usually emailed to you ahead of time.

5. Tips to Be Prepared

• Confirm all numbers with your mortgage advisor before the meeting

• Read through the mortgage deed draft (if sent in advance)

• Ask questions. The notary is a neutral party and must ensure you understand everything

• Avoid big purchases or credit changes before this date. Your lender may still verify your finances at the last minute

In summary, the mortgage signature meeting in Quebec is a key part of closing your real estate transaction. By arriving prepared and understanding what to expect, you’ll feel more confident signing the documents that make your home purchase official. Contact Patakfalvi Notaire in order to gain some more help and information.