News from Canada's Mortgage Experts
Category: Buying a Home
Porting A Mortgage - The Basics
Tuesday, Nov. 15, 2011
Posted by: Kristian Harris
People often ask - What is mortgage portability?
Porting a mortgage is an often overlooked factor in deciding which mortgage is best for you. Often times banks or other lenders may offer you a stellar rate, but may disguise penalties and costly terms on other options, for example, like porting your mortgage.
MonsterMortgage.ca gets a lot of questions about porting mortgages - but unfortunately these questions sometimes come when someone has already been locked in to an unfriendly (to porting at least) mortgage clause.
Take a couple of minutes to view our video on the basics of porting a mortgage - maybe grab a drink or a snack - and let MonsterMortgage.ca know if you have any questions.
You can e-mail me personally at Kristian@monstermortgage.ca or Mike at Miked@monstermortgage.ca if you have any further questions or any questions you'd like to have addressed on my next blog.
