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portable mortgage

Allows a borrower to transfer a mortgage from one property to another, while keeping the same rate. However, the borrower must pay a premium on other loans of commensurate value, as well as appraisal fees and title insurance at the time of transfer.

Related information about portable mortgage:
  1. Portable Mortgages: a Useful Option? - Mortgage Professor
    Oct 6, 2003 ... A portable mortgage is one that can be moved from one home to ... There are two major benefits of a portable mortgage to the borrower. One is ...
     
  2. Portable Mortgage, Portable Mortgages
    A portable mortgage allows a home buyer to buy his or her next home without having to pay closing costs, and without an increase in the interest rate.
     
  3. Definition of Portable Mortgage | eHow.com
    Definition of Portable Mortgage. A portable mortgage has been an option for those who are buying a home but plan to relocate in the near future. This may be ...
     
  4. Portable Mortgage: Definition from Answers.com
    Portable Mortgage Mortgage that allows the borrower to transfer the outstanding balance of an existing mortgage loan at the same rate when selling one.
     
  5. What Is a Portable Mortgage?
    A portable mortgage is a loan to purchase residential real estate that attaches to the borrower rather than to the property. Borrowers can transfer it to another ...
     
  6. Portable Mortgage - Do You Have One?
    Portable Mortgage - What is it. When should you exercise this option and where to find out details.
     
  7. What is portable mortgage? definition and meaning
    Definition of portable mortgage: Allows a borrower to transfer a mortgage from one property to another, while keeping the same rate. However, the borrower ...
     
  8. what is a portable mortgage? | mmibrokers.com - YouTube
    Sep 6, 2012 ... Mortgage Brokers (http://mmibrokers.com/) Portable Mortgage In a portable mortgage, you get to keep your current mortgage and interest rates ...