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What happenshow do you transfer a mortgage

 
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Bernie


Hello, What happenshow do you transfer a mortgage? Brett
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    Q. What happens if you transfer your mortgage to another property?


    I have a mortgage and sell my home. I plan on buying another home but I haven`t found one in time. do I have to pay a penalty to close out the mortgage or can I put a mortgage on hold?

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    Q. How do i transfer mortgage to new house?


    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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