Bruce McCallum, REALTORĀ®

Homes In Victoria

 
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Ok, so you've decided to move and have begun the search. Then, all of a sudden, you realize that when you sell, you will be paying off the existing mortage early and there might be fines. What to do?

 

The answer might be called a PORTABLE MORTGAGE.

 

Depending on your particular situation, a portable mortgage might eliminate any fees or penalties if you need to create a new mortage. Like the name, a portable mortgage can be moved from one property to another without penalties.

 

Of course, everyone has their own situation but here's a video to get you started.

 

Portable Mortgage video

 

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