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Do I pay a penalty when I port my mortgage to a cheaper house

 
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anonymous


Do i pay a penalty when i port my mortgage to a cheaper house?
0     In Mortgage Cont.15

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    Q. If i sell my house and buy a cheaper one do i pay a penalty in taxes?


    is there a penalty if you sell your home and don`t purchase another one .

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    Can you help us by answering one of these related questions?
    1. Can i short sell my house and port the mortgage?
    2. Can i port my mortgage in citi bank from a house to a condo?
    3. If i have 430,000. owing on my mortgage and i want to buy another house for 430,000. can i do a straight port ? if so does that requier another down?
    4. Where does the money from the sale of my home go when i port my mortgage to my new house?
    5. Can my mom sell me her house cheaper while still have a mortage on it?
    6. I owe 65 000 on my mortgage house worth 70 000 can i port my mortgage to another house?
    7. I need to sell my house so i can find i cheaper house?
    8. If i port my mortgage to i have to give the bank any money when i sell my house?
    9. Can i sell my house and port my mortgage if i am in a consumer proposal ontario?
    10. If i sell house with mortage can i just buy a cheaper one and keep the money owed?

    We need your help! Please help us improve our content by removing questions that are essentially the same and merging them into this question. Please tell us which questions below are the same as this one:

    Q: Do i pay a penalty when i port my mortgage to a cheaper house?
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    • 55% - Do i pay an interest penalty if i port my mortgage?
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