For self-employed Canadians, the entrepreneurial journey often comes with unique challenges and rewards. When it comes to homeownership, navigating mortgage options can be a distinctive experience compared to those with traditional employment

“Mortgage porting" refers to the ability to transfer your existing mortgage to a new property without incurring prepayment penalties. This can be particularly beneficial for homeowners who are selling their current home and purchasing a new one.

As a Canadian homeowner, your mortgage plays a significant role in your financial journey. If your mortgage is insured and nearing maturity, you have a valuable opportunity to reassess your financial strategy and potentially secure more favorable terms.