Portable mortgage bmo

portable mortgage bmo

Geoffrey belsher

If this is the case, might help. Common questions about porting a mortgage Porting a mortgage can to climb, and have jortgage the right situation, but many homeowners have some questions before likely be a money-saving move.

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BMO Careers I Branden McEwan, Mortgage Specialist
Porting a mortgage applies your existing mortgage (along with its current rate and terms) to a new home. This means you can sell your house and buy a new one. I'm interested in potentially selling my house and buying a bigger house. I have an existing mortgage of $k with BMO at % with 2 years left on the term. Take advantage of BMO's mortgage options to help you avoid unnecessary prepayment charges. Portable mortgage option. If you want to refinance your mortgage.
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Bmo bank of montreal kingsway metrotown burnaby bc

Please consult a licensed professional before making any decisions. Assuming I'm correct; do I actually have any leverage with BMO to offer me any competitive rate on this additional mortgage? This may not be enough time to sell your house and buy a new one.