Why are you moving now?

As a Calgary Mortgage Broker I get asked: Should I move again?   You Realtor friend says move, and Upgrade!    Should you listen?  All I ever say is do the math before wanting a new home.

The average person moves homes every 3-7 years and has 5 homes over their adult life.  In that process they pay fees for lawyers, realtor fees, inspections, movers, getting it sale worthy, and appraisals all which is money you will not get back.  For the record we are not talking about the flippers, who if and when they do get it right circumvent paying taxes on sweat and labour because your principle residence is exempt from capital gains tax. 

Is now common knowledge that a portion of the population has nomadic tenancies, and want to move to follow the heard, and maybe because they are bored.   That is why many get a portable mortgage, so they can take it to their new property.

Before you sell your house, and buy a new one, do some fun math, and figure out what you will save by staying, what you will spend by moving.   Figure out timing so you don’t have to pay extra charges to get out of your mortgage if you are not porting it.   Then think about what you can do with the money in your current house by not moving.  Would a new kitchen or something new around the house make it a little less boring and a tad more exciting?

We can figure out what is the best plan, if you need some help with budgets, or asking the tough questions.  That is why we are here to save your money on your mortgage, get you the best interest rates, and get your new house approved should it be that time in your life.  Contact a Calgary mortgage broker today.  And for the record we can help all of Alberta with their mortgages!