How Mortgage Transfers Work (Save $7000 in Interest Charges)

When is your mortgage up for renewal and have you considered leveraging your free agency power to save in the ranges of $7000? Mortgage renewals are a golden opportunity to re-evaluate and see what other options you have to potentially transfer your mortgage. In this video we show how you can save over $7000 from just being a little proactive! A mortgage transfer is a transaction where either the borrower or lender assigns an existing mortgage from the current holder to another person or entity. There are different costs dedicated to transferring fixed or variable mortgages even when it’s done at the typical five-year renewal period. Sometimes it’s even worth paying penalties and breaking your mortgage term early if the rates from other lenders are significantly lower than your current contract. We’ll let you decide how worth it a mortgage transfer is for you once you get educated on a simple math example of how it can save you big with little effort. Subscribe to Level Up Mortgages YouTube Account: http://bit.ly/LevelUpYouTubeSubscribe Email Paul to Level Up your mortgage planning: paul(at)levelupmortgages.com Talk to us or if you want some quick replies, connect with our Facebook Messenger Bot: http://bit.ly/MyMortgageBot Got Mortgage Questions? Trying not to freak out about something that’s stressing you out? We got you 🙋🏽‍♂️🙋‍♀️ + Get immediate answers without needing to talk to a human 🤖 http://bit.ly/MyMortgageBot + Email me and check out our website: paul(at)levelupmortgages.com | www.levelupmortgages.com 👨🏽‍💻 + DM me on Instagram if you want to get more personal 📱 https://www.instagram.com/levelupyourmortgages/ + Get LinkedIn if you want to check our credentials 😎 https://www.linkedin.com/in/pauldavidescu/ + Tweet at me if you hang out there 🐦 https://twitter.com/levelupmortgage + Check updates on our blog to do a deep dive 🔎https://www.levelupmortgages.com/blog