Can you transfer your current mortgage to another property?
Y ou bought your new house three to four years ago. But now, you have decided to sell that home and find a better place to reside. It is a good idea, but are you in the middle of the 5-year term? If so, then you might be thinking of breaking engagement on your Live Transfer Mortgage Leads . This is not the way things work because you can port the mortgage to your new house. So, yes, you can transfer your current property to another one. But here, the question is how these things work. What are the ways through which you can move your mortgage? Let us understand them in brief. What is transferring a mortgage? Transferring a mortgage refers to moving an existing mortgage from one property to another with the same rate and terms. Only if you're buying a new property at the same time as you're selling your old one can you port your mortgage. Unlike mortgage refinancing, porting a mortgage doesn’t require you to break your mortgage and pay pre-payment penalties. Can you port th...