Question by Kevin: can you transfer your existing mortgage to a new house without having to come up with a down payment on the ne?
i have a house with a mortgage. i want a newer house that’s worth more. can i transfer the outstanding balance refinanced and not have to come up with a down payment?
Answer by LadyCatherine
im really thinking, no.. mortgages go with the house, you can move one to another.. you can pay off one and use the remaining balance to buy another.
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