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Home portable mortgage loan

The portable mortgage is the type of mortgage loan that you can get for some home or multi home real estate, and then take with you to use on some new home or multi-residential real estate.

This mortgage is pretty great! Why? Cause it can save you a lot of cash! And who doesn't want to save cash?

When you sell some home or multi-residential real estate that you got this mortgage-type, you can just take that mortgage with you and use it on your new home or multi-residential real estate - and that means you won't have to pay it out. And paying out a mortgage loan usually costs money - cause you usually gotta pay your lender financial penalties for doing so. Especially if you pay out your mortgage loan before the end of your mortgage loan term. So when you get a portable mortgage loan, you save money by not having to pay those penalties. Hurrah!

Otherwise, if you had a non-portable mortgage loan for some home or multi-residential real estate and then wanted to get new home or multi-residential real estate with a mortgage loan as well, you would have to pay out that non-portable mortgage loan (with penalties). And then you would have to go through the process of getting a mortgage loan all over again - for your new home property. And when you get a brand new mortgage loan there are closing costs you have to pay- and there's no guarantee you'll get a mortgage loan rate as low as the one you got for your previous non-portable mortgage loan.

So get this type of mortgage loan today! Fill out the home mortgage application.

Just so you know: if you get a home portable mortgage loan for your home or multi-residential real estate - that real estate has to be 'owner-occupied' which means: you have to live in it.

Get more info about portable mortgage loans. Contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-880-2577.

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