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

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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?

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Level 5 - Scholar mortgagepro 1 Friend, 0 Followers 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. This answer closely relates to: Port the mortgage new money down payment amount If you port your mortgage for the same amount do you require a down payment? What is the least amount of money needed for a down payment in bc? Comment Reply Report 1 0      Add your answer/comments in just seconds. No signup necessary. Just put your answer in the box below and hit Save. Yes, also subscribe me to this question so I can follow the discussion Can you help us by answering one of these related questions? What is the least amount of money you can deposit withou the irs auditing you? What is the average amount of money that someone on welfare recieves? What amount of money is reported to irs when deposited in a bank? What amount of a cheque will money mart cash? What is the amount money a family of 4 receive on tanf in nys? If there is a negative amount on the my cra account is that money owed to me? What is the amount of money a teen will get on welfare in ontario? Is there an amount of money u can make while receiving cpp disability? Does the us limit the amount of money you deposit in canada? When a 30 000 90 day 5 interest bearing note payable matures total payment will amount to? 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: 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? 85% - When i port a mortgage do i have to pay down payment on full amount? 80% - Can i borrow an amount of money of a bank to buy a house which is over the valued price of house? 76% - If you port your mortage for the same amount do you require a down payment again? 70% - How do i port my existing mortgage to a lesser amount? 67% - I want to port my mortgage to a smaller property but my circumstances have changed. i wish to reduce the amount on my current mortgage? 67% - When you port a mortgage in alberta do you need 5 on the extra amount or the full mortgage? 66% - When you port a mortgage do you need 5 on the extra amount or the full mortgage? 66% - Can i port a mortgage for a lessor mortgage amount cqnada? 60% - I want to calculate payment amount on a mortgage with the first 2ook at 6 and the next 100k at 9? 59% - What is the right amount of money to spend on a mortgage?