If your a member of the Canadian military that needs to relocate, then you are likely going to have to change your place of residence and that can involve paying out your existing mortgage and acquiring a new one.
If you have mortgage related needs, then you’re also going to want to take advantage of the relocation services and allowances provided by the Department of National Defense (DND) for relocation and mortgage related costs.
As a qualified mortgage broker, I have successfully helped military personnel not only locate and secure a suitable mortgage, but also assisted them in getting the full benefit of the military relocation program.
The key mortgage related benefits offered in the relocation package include providing bridge financing to accommodate you through the process of buying one home while trying to sell the other as well as an allowance to cover any mortgage related costs that can occur from prepayment of the mortgage attached to the home you’re selling or a home relocation loan.
We work directly with lenders that are both familiar with the DND relocation programs and the administration that is required to apply any benefits you’re entitled to receive towards an eligible mortgage.
As mortgage brokers, our job is to make the process of finding a new home and getting the proper relocation financing arranged as quick and painless as possible.
And because we work all across Canada, we are able to provide services for any type of relocation that occurs within the country.
If you are in the midst of a military post relocation and need some assistance with your DND mortgage financing requirements, I would recommend that you give me a call so that I can quickly assess your situation and provide you with the most relevant options to consider.