Yes you can, when transferring your mortgage to another property its called mortgage porting and is a well known process with the lenders.

You can port your mortgage to a new house which is a pretty easy step if you don`t require your mortgage to be higher then its is now. If your mortgage stays the same it as easy as filling out a few forms in the bank and sign them. The bank will request information on the new purchase total price and what is the downpayment you gave.

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I have no experience in the real estate business. so i was wondering: if you want to sell your house and buy another house of equal or lesser value, is it possible to somehow just "transfer" your mortgage over to the other house (keeping the same rate) and not have to get a completely new mortgage? thanks for the help

It is theoretically possible as the house is collateral for the loan to modify the mortgage to substitute a different property . You would record a new legal description but not owe new documentary stamps or taxes. This is more common in blanket mortages involving multiple properties. Residential mortgages tend to be "cookie cutter" so they are not likely to be willing to customize your loan. Good luck.

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I bought my first house in 2007 for 38,000. after paying a mortgage on it for two years my dad paid off the loan (in 2009) for me and i had the house transferred into his name and paid him a lesser payment. i am now looking to relocate and sell the house im in for 30,000. i am looking at another house to buy for 30,000. my dad told me we should wait because of capital gain? how would this work in my situation?

The information you have provided does not have adequate details to determine if your father would have a capital gain upon sale of the house . If he had lived in the house for two years he would have avoided the capital gain. That appears not to be the case. The first piece of information needed is the current FMV that you would likely sell the house for. If that number minus cost of sale were greater that the basis of the house, which I would attempt to use $38,000, there will be a capital gain issue. This is not an issue which you should rely of any answer provided solely on the information you have offered here. You should consult with a tax professional in your area.

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Ok, we are planning on buying a house and our fico scores are above 700. right now the interest rates are around 6 % or so. my question is can we get a loan pre approved, get the money funded or whatever and then go back and say we dont need the full amount but we need (like 20,000 dollars or less)? the logic iam looking at is if i take good apr rate on balance transfer before i get preapproved that migt affect my fico score, however if i get preaprroved and my loan funded, then get some money from the credit card for a good rate like say 2.99 % apr or soa nd the go to my mortgage bank and say i dont need all the loan money, i need $20k less assuming i take $20k from my cc as a balance tx for a lesser rate, in that i can get a good rate on my loan and at the same time my fico score wont effect my mortgage rate anymore coz its alreayd funded? any experts please

not a good idea. first, your credit history will be monitored up till the time of purchase. If you have 20K in revolving credit cards, they will either not fully fund your application, or they may even reject you. They are looking at your debt load, and your ability to pay. Having a $20K obligation questions your ability to pay your mortgage. second, those low rates on credit cards can be tricky. often times those rates they give you are teaser rates. They will probably go back to their normal rates after a certain period. then you'll be paying 2 or 3 times more than your mortgage rate. third, the interest you pay on your revolving credit is not tax deductible. If you pay interest on a home mortgage, you can at least claim that for your taxes. The point is this.... youre still gonna be in debt 20K either way, and unless you can pay it off quickly (within a year), you might as well just put that debt under a long term mortgage. It would be safer that way.