Buying a home while selling your current one | Canada set to increase mortgage rates in 2022 | current 5yr & VRM rates |

Mortgagenomics Canada

Buying a home while selling your current one?

The transition from selling one property to purchase another sounds simple, but there are a few critical events throughout the timeline that you need to be aware of.

Here are 6 key points to know when scaling up from one property to another: CLICK HERE to read the entire transcript

(1) perhaps the biggest dilemma: SELL first, then BUY, or BUY first, then SELL?

(2) Use a Bridge Loan so you can gracefully transition from one property to another!

(3) Consider porting your mortgage, but ONLY if it makes sense!

(4) secure a Home Equity Line of Credit on your current property BEFORE you list it for sale

(5) call your existing lender and find out what your current mortgage balance and discharge fee will be

(6) If you're planning to scale up at a specified time in the future, renew your current mortgage with the end in mind

Contact Marko, he's a Mortgage Broker!

604-800-9593 direct Vancouver

403-606-3751 direct Calgary

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