Portable Mortgage - An Ideal Option for People on the Move
A mortgage that can be moved from one property to another is known as a portable mortgage. This means that rather than repaying your existing mortgage when you sell the house and taking out a new mortgage to finance your latest property purchase, you can shift the original mortgage to the new home. Portable mortgage solutions are ideal for people who need to shift base often. Mortgage Central offers a number of portable mortgage products. If your need help in selecting a suitable portable mortgage option, you can consult our experts.
Benefits of Portable Mortgage Solutions from Mortgage Central
The biggest benefit of portable mortgage solutions is that they eliminate the hassles involved in closing a mortgage and applying for another every time you shift base. This saves time, energy as well as money. You need not bear the expenses associated with the opening and closing of mortgage accounts. Based on the frequency with which you are likely to relocate, portable mortgage can be a good option even if the interest rate is slightly higher than in a regular mortgage.
The fixed rate portable mortgage solution offered by Mortgage Central allows you to transfer the loan from one property to another without any change in the interest rate or terms. You can continue enjoying the same low interest rate, favorable payment terms and other benefits even after the transfer. During an upward trend in interest rates, this is especially useful. In case interest rates are going down, you can opt for a refinance. Overall, Mortgage Central portable mortgage solutions are a great option for people on the move.
Call Us for a Free Consultation with Our Portable Mortgage Specialists
If you are uncertain about whether or not a portable mortgage solution is the right option for you, our mortgage specialists are here to help you out. Our specialists not only have many years of experience in the industry, but also have up to date knowledge about the latest trends. This enables them to suggest solutions that are perfect for you. Personal attention combined with expertise ensures that you take the right decision.
In case you have any doubts or questions regarding portable mortgage or home loans in general, you can send us your questions through our online contact form. For immediate answers, you can call us on our toll free number. Alternatively, you can come down to our office for a face to face meeting. Get a no obligation free consultation from our experts today.