Mortgage Porting

Toronto

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Mortgage Porting in Toronto

Not All The Lenders Allow Mortgage Porting

Sometimes homeowners decide that they want to move to a new property before their mortgage on the current home is over. This is a common occurrence among many people and it is possible to transfer a mortgage. The solution is called porting. When you port your mortgage you transfer it from one property to another. Turkin Mortgage brokers will make your transfer quick and worry free.

We Will Guide You Through It

After you have sold your current home and purchased a new one, you can begin the process of mortgage porting. Not all lenders allow mortgage porting that is why it is important to contact a reliable professional at Turkin Mortgage to assist you with the task. We have an extensive contact list of lenders that will be willing to accept mortgage porting. We will inform you of all of your possible options and guide you throughout the way.

Call us: +1 866 921 8890

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Featured Rates

construction mortgage

starting from

6.45%

Heloc

Term	Rate
HELOC	6.95% (Prime rate)

Fixed

Lender	Rate	Term
Lendwise	4.49%	5 year
First National Financial	4.69%	4 year
RMG Mortgages	4.59%	3 year
Street Capital Bank	5.24%	2 year
TD Bank	6.09%	1 year

Variable

Term	Rate
5 year variable	5.85% (Prime - 1.05%)
3 year variable	6% (Prime - 0.95%)

OTHER

Term	Rate
Line of Credit	Starting at 7.2%
Equity Loans	Starting at 6.5%
Private Mortgages	Starting at 7.49%

You have questions. We are here to help!

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Things to Consider When You Do Mortgage Porting in Toronto

Before you make the decision to port it is a good idea to consider the current interest rates on the market. If your secured interest rate is low and unavailable on the market then it is advantageous for you to port your mortgage. However if your mortgage rate is higher than the current mortgage rates on the market, it is likely not a good idea to port your mortgage.

In the latter case, you would have to consider which option will be more cost effective- porting despite the rate not being in your advantage or paying a fee to break your mortgage contract before the due date. Our experts can help you figure out which option is best. In many cases, porting your mortgage can end up saving you thousands of dollars. To find out if porting is right for you, contact us and we will discuss all the features and options that best suit you.

Google Reviews

Turkin Mortgage

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Afton Jaskolski

2020-12-30

Getting a private mortgage was not easy to be honest, but at least with Mr. Leon it was doable. Thank you for your help!

Davin Mills

2020-12-26

There are a lot of mortgage brokers in toronto to choose from, I was a bit intimidated by that. Don't regret I picked CMB, they took the lead and made sure to cover all the bases

Tracy Wilhoite

2020-11-21

I was renting an apartment for a long time and finally decided to take a big step - get a mortgage instead. Team at certified Mortgage Brokers laid out various options for me. The actual process went smooth and quick, happy with my new home.

Ryder Turcotte

2020-11-16

My wife and I decided to refinance our mortgage and started looking for a mortgage broker in Toronto. There were so many options, so you can imagine how overwhelmed we got! After talking to Leon we decided to proceed with Certified, didn't regret that decision once. They always gave useful recommendations, were attentive, and constantly in touch. And most importantly (for us) they helped us to save some money!!

Lucy Zimmerman

2020-11-11

Vita was great. Helped my son with all the paperwork and got him very good interest rate. On the closing date called to follow up if everything went fine. Quite a pleasant experience. I would recommend this firm for anyone who is looking a mortgage broker.

Henry Wright

Was looking for a mortgage broker in Toronto. Heard about Leon and his team from a co worker and decided to give them a call. after some time on the phone talking about mortgages and what would work best for me I was VERY impressed. They were polite and most importantly they knew what they were talking about. We then scheduled an appointment and I got my mortgage with a great rate. Definitely recommend.

Gina Carroll

Got tired of sow service and mediocre rates from my bank, so I started looking for a mortgage broker. Had some family friends recommended Leon and his team, so decided to check them out. Was very impressed with Leon, he guided me through step by step, recommended a mortgage and I ended up switching to him. My rate is better and he always answers call and emails right away.

Wilton Marble

A little while back my wife and I finally decided to stop renting and get a place of our own. After some searching we found a condo we both liked and that was in our price range. The next step was a mortgage, but honestly, neither of us knew too much of what we were getting into. We found Leon and his team after a quick search on google and have had a wonderful experience. Leon and his team of mortgage brokers are VERY knowledgable, polite, work fast and just all around very professional. They answered all our questions and we got a great rate.