Buying and selling at the same time? This complete guide covers everything you need to know about your mortgage options. Kevin Breitner from CRESI and Melissa Pereira from the M2 Mortgage Team break down the three main scenarios: porting (lateral moves), upsizing, and downsizing.
Whether you're relocating, moving up to your dream home, or downsizing for retirement, understanding your mortgage options before you make a move is critical. This comprehensive conversation covers bridge financing, down payment calculations, co-signer removal, HELOCs, reverse mortgages, and the myths that could cost you thousands.
📋 CHAPTERS:
00:00 - Introduction & Overview
00:46 - Meet Melissa: Making Mortgages Simple
01:46 - Porting Your Mortgage (Lateral Moves)
02:08 - What is Mortgage Porting & Re-Qualification
03:26 - Understanding Lender Risk & Property Marketability
04:22 - Upsizing: The Market Opportunity Right Now
05:43 - Down Payment Calculations for Upsizing
06:40 - Bridge Financing Explained
07:40 - Removing Co-Signers: What You Need to Know
09:01 - Why You Need Professional Advice
10:00 - Downsizing Your Mortgage
11:43 - Downsizing Scenarios & Goals
13:18 - Why Downsizers Buy First, Then Sell
15:02 - The Bridge Financing Myth for Seniors
17:01 - Trust the Experts, Not ChatGPT
19:02 - Don't Compare Rates With Friends & Family
20:22 - What Really Matters Beyond Interest Rates
21:16 - Rate Differences: The Real Dollar Impact
22:13 - Buy Low, Sell High: Now is the Time
23:03 - Final Advice: Knowledge is Power
What You'll Learn:
- How mortgage porting actually works and why you need to re-qualify
- Why current market conditions create unique upsizing opportunities
- The two requirements for bridge financing that most people miss
- Why having equity doesn't guarantee easy financing anymore
- HELOC and reverse mortgage options for downsizers
- Why your mortgage rate isn't the only thing that matters
- The importance of planning with professionals months in advance
Individual Episode Links:
📹 Episode 1 - Porting Your Mortgage: https://youtu.be/zNimctAkBJI
📹 Episode 2 - Upsizing Your Mortgage: https://youtu.be/96vdN2LqFZE
📹 Episode 3 - Downsizing Your Mortgage: https://youtu.be/Agj8qKMLqj0
Connect with Kevin Breitner:
CRESI
🌐 Website: https://cresi.ca
📧 Email: info@cresi.ca
📞 Phone: 289-266-1617
Connect with Melissa Pereira:
M2 Mortgage Team | Capital Home Lending
📧 melissa@capitalhomelending.ca
🌐 www.m2mortgageteam.ca
📱 Instagram: @m2.mortgageteam
Disclaimer: This content is for informational and entertainment purposes only. Always seek personalized advice from qualified professionals before making any real estate or mortgage decisions.
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