Is Your Current Home Feeling a Little… Crowded?
Your family is growing, and your home should grow with you. Upgrading to a larger property is a big decision with many financial questions. We’re here to provide a clear strategy, helping you understand your budget and navigate your financing options so you can make your move with confidence.
Using Your Home’s Equity
Your current home’s equity can serve as the down payment for your new, larger property. We’ll help you calculate exactly how much equity you have available.
Bridge Financing Options
If you need to buy before you sell, bridge financing can provide the temporary funding you need to secure your dream home without the stress of perfect timing.
Calculating Your New Mortgage
We’ll work with you to determine the right mortgage amount for your new home, considering your current equity, additional funds needed, and comfortable payment levels.
What is Mortgage Portability?
Mortgage portability allows you to transfer your existing mortgage terms, including your current interest rate, to your new property. This can save you thousands if rates have increased.
Benefits of Porting
Keep your favorable interest rate, avoid prepayment penalties, and maintain your existing payment schedule while moving to a home that better fits your family’s needs.
The Porting Process
We’ll guide you through the qualification process, coordinate timing between your sale and purchase, and handle all the paperwork to ensure a smooth transfer.
Pooled Resources Strategy
Combining financial resources with parents or other family members can help you qualify for a larger mortgage and afford the space your growing family needs.
Multigenerational Home Benefits
Beyond financial advantages, multigenerational living provides built-in childcare, shared household responsibilities, and stronger family bonds.
Available Tax Credits
The Multigenerational Home Renovation Tax Credit can help offset the costs of creating a secondary suite for elderly relatives, making your home work for everyone.
We thought moving to a bigger house would be a stressful process, but Mona made the financing seamless. She helped us port our mortgage and get the extra funds we needed for our dream home. We couldn’t be happier!
