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If you port your mortgage for the same amount do you require a down payment

 
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Vote:
Asked by
anonymous


Is it possible to port your mortgage to a new property if it costs exactly the same
0     In Mortgage Cont.16

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    Anonymous

    "The same as buy down the interest rate on a mortgage..."



    Is porting down a mortgage (to a lower value) the same as buy down the interest rate on a mortgage

    This answer closely relates to:
    • Porting down your mortgage same as buy down the interest rate on a mortgage
      • How can i get my bank to lower my mortgage interest rate canada?
      • Would i get approved for porting my mortgage if i now have a lower credit rating, but never faulted on my mortgage?
    • Porting your mortgage to a lower mortgage
      • What are penalties when porting to a lower mortgage?
      • Do i need a downpayment when porting a mortgage thats lower canada?
    • Porting your mortgage to a lower value home
      • Should i refinance my mortgage for a lower vaiable interest rate canada?
      • When selling house if want lower interest rate do i have to break mortgage?

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    Can you help us by answering one of these related questions?
    1. What do banks require after mortgage pre appoval?
    2. If i port my mortage do i need wown payment again?
    3. How much down payment is needed for a port increase?
    4. When doing a port and decrease do you need another down payment in canada?
    5. How do i calculate my down payment on a port increaes?
    6. Do you require an appraisal for renewing a mortgage with same bank?
    7. Does a mortgage pre approval require a credit check?
    8. Does renewing your mortgage require a credit check?
    9. What do i require to renew an existing mortgage in ontario?
    10. Does a homeowner require a laywer when discharging a mortgage with td bank?

    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 you port your mortgage for the same amount do you require a down payment?
    • 85% - If you port your mortage for the same amount do you require a down payment again?
    • 64% - When i port a mortgage do i have to pay down payment on full amount?
    • 58% - When you port a mortgage do you require 5 down?
    • 48% - If i port a mortgage do i have to borrow the same amount or can i decrease it?
    • 48% - How do i port my existing mortgage to a lesser amount?
    • 48% - How much does tc bank require for a down payment for a mortgage?
    • 48% - If you have an existing mortgage and wish to port your higher mortgage for a new home do you pay for cmhc insurance on the whole new amount of the mor?
    • 48% - 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?
    • 47% - When you port a mortgage in alberta do you need 5 on the extra amount or the full mortgage?
    • 47% - Do i require a down payment when porting blending a mortgage?

    The following questions have been merged into this one. If you feel any of these questions have been included in error help us improve our content by splitting these questions into seperate discussions. Please unmerge any questions that are not the same as this one:

    Q: If you port your mortgage for the same amount do you require a down payment?
    • If you port your mortgage do you still need 5 down?
      - Recomend that you port your mortgage
    • Can you port your mortgage to a lesser amount?
      - Port mortgage with the same amount
    • Is it possible to port your mortgage to a new property if it costs exactly the same?
      - Port your mortgage down payment
     

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