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re: NPR: Your home is too big. How can we get you to downsize?
Posted on 4/18/24 at 1:45 pm to Smeg
Posted on 4/18/24 at 1:45 pm to Smeg
They need to loosen the rules around mortgage porting. I have a sub 3% mortgage and mrs honcho wants to move again. You can actually keep you mortgage, sell your house and use the proceeds from the house to buy another house. Only need to transfer the collateral for the mortgage from the old house to the new house. There are of course a ton of rules and restrictions but it could be used more if people knew about it and they made it easier to do.
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