Tag Archives: Mortgage lingo

Porting Your Mortgage

The ability to port your mortgage is a common mortgage feature that has come to be expected by most Canadians.  On the face of it, the concept seems straightforward, but the details may prevent you from keeping your rate or eliminating your mortgage penalty.  Make sure you understand your lender’s policies. The main benefits of porting your mortgage are the elimination of pre-payment penalties and the ability to keep your … Read More

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Mortgage Lingo 101

Although millions of Canadians hold a mortgage very few would consider themselves experts. The fact is that once a homeowner arranges a mortgage they soon forget their newly acquired expertise. It’s kind of like cramming for an exam and then forgetting the material soon after you pass the course.  After all, the average Canadian only touches their mortgage once every 3 years and many much less often then that. Presented … Read More

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