Porting and Extending: How Does it Work?

Porting and Extending How does this affect a borrower: Port and Extend, or what some people call a blend and extend, is a way to transfer your mortgage onto another property while increasing your mortgage amount. A non frill mortgage will not allow you to do that (a...

Porting a Mortgage: Can it save money?

How does this affect a borrower: The ability to port a mortgage means that you do not have to pay a penalty in breaking that mortgage since you are moving it from one property to another, providing that you qualify. One of the biggest misconceptions when porting a...