Move Up Buyers

As a move-up home buyer, your first move should be to look into your mortgage options.

When you are ready to sell your home and buy a new one, your first move should be to look into your mortgage options. If you need a bigger mortgage, your options will include bringing your mortgage with you if it is portable and blending your existing rate with the rates of today or potentially breaking the terms and moving to a new lender. Pilot can help you discover the different move up home buyer mortgage options.

With interest rates today still hovering at historic lows, you might want to consider breaking your current mortgage and getting a new one for the total amount you need. To break your mortgage, your lender typically has the right to charge a penalty based on the greater of three months’ interest or the interest rate differential (IRD), which is essentially the difference between your old rate and current rates for your remaining term.

Note: Lenders can calculate IRD differently; you should always get the actual penalty from your lender.


This is the second time I have used Pilot Mortgage Group  This was my first experience using a mortgage broker and I was not sure what to expect.  Suffice to say the service and attention to detail was unsurpassed, and I vowed to always use Team RRP for future mortgage plans.”

You’ll want to compare your new blend/extend rate with the rate you’d get with a new mortgage.

Of course, the exact terms and conditions of your current mortgage need to be examined closely to determine if there are other factors to consider. Call one of our Mortgage Consultants now at 604.879.2772 to discuss your specific mortgage situation.

Another key part of planning to move is the timing of the sale of your existing property and the purchase of your new one.

Ensuring that your closing dates line up can help you to avoid potentially expensive bridge financing scenarios. We can work with you and your realtor to ensure these obstacles are avoided.

Other Services

Move Up Buyers

As a move-up home buyer, your first move should be to look into your mortgage options.
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Commercial Lending

Our commercial specialists build complex funding for projects utilizing strong relationships in the commercial lending community.
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Mortgage Renewal

When your current mortgage term reaches its maturity date, you'll need to renew the outstanding balance for another term. This is a process you'll likely do a number of times until you pay off your mortgage in full.
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Self Employed Mortgage

If you are self-employed, you may not fit in all the neat boxes at the bank. At Pilot we don't have boxes, we have financial solutions.
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Refinancing a Mortgage

Take advantage of your home equity today with mortgage refinancing.
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First Time Home Buyer

Get off on the right foot in your home buying journey with an experienced first time home buyers mortgage broker.
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