Hi,
I have a property that I have sold with a 2% mortgage on it with 3.5 years left in the term. The mortgage on my primary residence is due for renewal. Any suggestions on how I can transfer the 2% mortgage to my primary residence. I would then avoid the payout penalty on the low rate mortgage and I could have the 2% rate on my primary residence instead of the 2.5+ rates that are available now.
I have a property that I have sold with a 2% mortgage on it with 3.5 years left in the term. The mortgage on my primary residence is due for renewal. Any suggestions on how I can transfer the 2% mortgage to my primary residence. I would then avoid the payout penalty on the low rate mortgage and I could have the 2% rate on my primary residence instead of the 2.5+ rates that are available now.