Your Next Home Deserves the Perfect Mortgage. Let's Find It Together!
Contact Me Today to Explore Your Mortgage Options for Your Next Home.
As a trusted and experienced mortgage agent, I am here to guide you through the process of purchasing a home and help you find the perfect mortgage solution tailored to your needs.
Not to mention, my services are ABSOLUTELY FREE to you.
When it comes to selling your current home and buying a new one, making the right mortgage decisions is crucial. As an experienced mortgage agent, I am here to guide you through the process and help you find the best mortgage options for your next home. Whether you want to port your existing mortgage, blend your rates, or explore new mortgage opportunities, I have the expertise to assist you every step of the way.
Porting Your Mortgage: If you have a fixed-rate mortgage and plan to move, porting your mortgage can be a smart choice. By porting your mortgage, you can seamlessly transfer your current mortgage to your new property without losing your favorable rate and term. This option saves you money by avoiding early discharge fees and provides continuity in your mortgage terms.
Blending Your Rates: If you require a larger mortgage for your next home, blending your current mortgage rate with the rate for the additional funds may be a suitable option. This allows you to take advantage of your existing mortgage terms while accessing the necessary additional funds. However, please note that porting is typically unavailable for variable rate mortgages. In such cases, breaking your existing mortgage may be necessary, along with paying a three-month interest penalty.
Exploring Lower Rates: With interest rates at historic lows, it's worth considering the cost-effectiveness of breaking your current mortgage and obtaining a new one for the total amount you need. By taking advantage of a lower rate mortgage, you can potentially offset the costs associated with exiting your current mortgage. Breaking your mortgage may result in a penalty, which can be based on either three months' interest or the interest rate differential (IRD) – the difference between your old rate and the current rates for your remaining term.
Personalized Mortgage Analysis: As your trusted mortgage advisor, I will carefully analyze your specific situation and compare the available options. Through a comprehensive evaluation, we will determine the most beneficial choice for your next home purchase. Rest assured, this analysis comes at no cost or obligation to you, ensuring you can make informed decisions with confidence.