Master Mortgage Porting in Simple Steps! Nick Statman

Porting your mortgage can feel daunting, but it's simpler than you think. First, check if your current lender allows porting. This means you can transfer your existing mortgage to a new property without penalties. Next, assess your new home's value and ensure it meets your lender's criteria. Gather your financial documents-proof of income, credit score, and any other paperwork they might need. Then, reach out to your lender to discuss the process and any potential adjustments to your mortgage terms. Don't forget to consider the costs involved, like legal fees and property assessments. Finally, once everything is approved, enjoy the smooth transition to your new home, knowing you've kept your mortgage intact. It's all about planning and communication!