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When to move to a bigger home with 2 years left on mortgage term

 
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Jasmine


When to move to a bigger home with 2 years left on mortgage term? Thank you so much.
0     In Mortgage Cont.16

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    Q. Do i port my mortgage if i have one year left on the term?


    Hello Todd, Before porting, see if the current rates are lower than your previous rate, If current is better, it might be worthwhile to break the current contract and pay the penalty instead of porting. In the end you want to have a better rate. Fixed rates are low at the moment (9/11/2011) and you may want to review it again.

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