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Porting to Higher-Value Properties: Blend-and-Extend Options
Porting to higher-value properties offers blend-and-extend options, combining existing and current market rates to create a customized solution. Best Mortgage Online illustrates a $300,000 mortgage at 4% blended with $200,000 at 5%, yielding a 4.24% rate, saving 0.76%. Extended terms maximize savings, supporting strategic upsizing for Canadian homeowners.
#BestMortgageOnline #BMO #PortingAMortgage #BlendAndExtend #MortgageRates
Porting to higher-value properties offers blend-and-extend options, combining existing and current market rates to create a customized solution. Best Mortgage Online illustrates a $300,000 mortgage at 4% blended with $200,000 at 5%, yielding a 4.24% rate, saving 0.76%. Extended terms maximize savings, supporting strategic upsizing for Canadian homeowners.
#BestMortgageOnline #BMO #PortingAMortgage #BlendAndExtend #MortgageRates
