Mortgage Transfer

Similar to a mortgage renewal a mortgage transfer is often completed on or around your mortgage renewal date. However, if your interest rate term is higher than current rates, it may make sense to transfer your mortgage mid-term to take advantage of lower payments and save on interest costs.  Depending on the original structure of your mortgage, a transfer can sometimes be done with minimal cost and may not require the assistance of a lawyer.

For more information about a mortgage transfer, please email me directly at: paul@paulhudsonmortgages.ca