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I owe 65 000 on my mortgage house worth 70 000 can i port my mortgage to another house

 
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Leigh


I owe 65 000 on my mortgage house worth 70 000 can i port my mortgage to another house? Thank you in advance.
0     In Mortgage Cont.02

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    Q. Can i take out a larger mortgage than the house is worth?


    The new mortgage from TD Canada Trust is called collateral-charge mortgages and allows clients to be approved for up to 125% of the value of the home in some cases. However there are some limitations that come with this type of mortgage as it will be harder to switch to another lender due to the fact that the collateral mortgage must paid in full first.

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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. I renovated my house and made it worth more can i increase my mortgage?
    3. What is your mortgage payment for a house worth 1 500 000 million dollars?
    4. Where does the money from the sale of my home go when i port my mortgage to my new house?
    5. Can i port my mortgage in citi bank from a house to a condo?
    6. 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?
    7. Can i sell my house and port my mortgage if i am in a consumer proposal ontario?
    8. If i port my mortgage to i have to give the bank any money when i sell my house?
    9. If a house is appraised at $180,000 but it has alot of high end upgrades and i feel it is worth 195,000, will the bank approve this mortgage or will ?
    10. If i sell my house and want to port my mortgage to a new house but can sell and buy on the same day what happens to my mortgage?

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