Are you moving and paying off an existing mortgage?
Will you be pay mortgage early payment penalties?
Have you heard of a PORTABLE MORTGAGE?
So, you’ve decided that you and your family want to move. The property search has begun and it’s an exciting time imagining the possibilities. You then realize when you sell the family home there might be penalties if you pay off the existing mortgage early.
Is it possible to avoid mortgage pre-payment penalties?
The answer might be what’s called a PORTABLE MORTGAGE.
Of course each family situation is different but having a portable mortgage might mean that you can, like the name suggests, transfer the existing mortgage to a new mortgage without penalties.
And, for more details how you can buy that new home and minimize the cost, stress and headaches, contact:
Bruce McCallum, REALTOR®, DFH Real Estate in Victoria, BC. (250) 412-7100 or email to email@example.com