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In some cases, one can “port” their mortgage; ie sell their existing place and keep paying down the mortgage and buy a new place
by leoh 4y ago
In some cases, one can “port” their mortgage; ie sell their existing place and keep paying down the mortgage and buy a new place
- HWR_14 4y agoI don't know what that would mean. You sell your house as a owner-financed thing? It still doesn't get you the cash up front to put down on a new house.
- leoh 4y agoLet’s say your house is worth $2M and you bought it for $1M and had a loan for $600k. You sell the house and have $2M to spend on a new house and a loan to continue paying off.