What is PORTING a Mortgage?
Porting is what happens when you when you sell your home and take your mortgage to your new home. The mortgage is tied to the property, but you and your lender are essentially agreeing to sign it over to a new property.
In this case you KEEP the same rate, terms and payments as you had kept previously.
Well I explain what it is and the TOP 3 considerations you need to think about if that is an option for you!
Wondering about PORTING, MOVING, or anything else Mortgage or Real Estate related?
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What To Do Next? 😎
- Reach out to us If you are THINKING about buying or Refinancing
- Send This Info & Video to everyone you know who is buying or selling or maybe refinancing Remember: they may be thinking of a refinance, investment property OR know a friend who is currently thinking of buying.
- Send them our way and we will give them an estimate of their before and after rule pre-qualification.
- Contact us early to get ahead of the game, even if your mortgage is not up for renewal until next year.
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