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The benefits of loan portability

By the resi financial blog team, 02 September 2014

Portabole home loans

Homeowners rarely live in the same house all their lives so when it's time to move, having a mortgage that can be transferred to a new property makes sense.

As, borrowers can spend a lot of time shopping around for a home loan, comparing rates and features, by transferring their existing mortgage – a feature known as “loan portability” – this stress can be avoided when moving.

The main benefit of loan portability is that borrowers can transfer their existing loan to another property without the need to refinance because applying ...

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