Suppose you are committed to a five-year mortgage term with two years left until renewal. However, recent changes in your life, such as a new job offer requiring relocation or the need for more space due to a growing family, necessitate an early exit from your mortgage. While one option involves breaking the mortgage and incurring a pre-penalty fee, there may be an alternative: mortgage porting.
Suppose you are committed to a five-year mortgage term with two years left until renewal. However, recent changes in your life, such as a new job offer requiring relocation or the need for more space due to a growing family, necessitate an early exit from your mortgage. While one option involves breaking the mortgage and incurring a pre-penalty fee, there may be an alternative: mortgage porting.
Contact us, and we would be happy to help. One of our knowledgeable mortgage agents can provide the expertise you are looking for.
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