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Can i transfer my mortgage over if i buy another house

 
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Amos


Can i transfer my mortgage over if i buy another house? Would you be kind enough as to give me some pointers as what to look for or avoid? Who is the kingpin who knows the answer? Thank you in advance.
0     In Mortgage Cont.19

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  1. Jeff Brown Law Office 1115 Westford St Lowell, MA 01851 (P) 978-458-8700 (F) 978-453-5637
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Q. How do i transfer mortgage to new house?


"You can port your mortgage to a new house which is..."



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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Q. If i sell my house can i transfer the mortgage to another house?


"When transferring your mortgage to another property its called mortgage..."



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

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