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Can I port my mortgage if the amount needed is lower than my existing mortgage

 
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Roma


Hello. Can i port my mortgage if the amount needed is lower than my existing mortgage? Gheorghe
0     In Mortgage Cont.02

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    Q. If i port and exsisting mortgage to a new house and need to borrow more money do i need a down payment for the whole amount or just the new amount?


    If there is not enough equity then you would need to put a down payment for the blended mortgage amount needed to close your new home purchase.

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    Q. If you port your mortgage for the same amount do you require a down payment?


    "Is porting down a mortgage (to a lower value..."



    Is porting down a mortgage (to a lower value) the same as buy down the interest rate on a mortgage

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