Wed Apr 10 2024, by Tyler Gardner

Mortgage PortingHome Buying TipsImproving Credit ScoreFinance EducationReal Estate

Hello, bank? Yes, I'd like to buy a new house with the same interest rate I have on my current house.

Sorry, sir, we don't do that. You will need to reapply for a new mortgage with a new higher rate.

They don't know I know this. Actually, I'd like to port my mortgage and transfer my existing interest rates and life of loan to a new property.

How did you know about porting a mortgage?

I just follow Social Cap. He makes complex finance easy.

Well, he shouldn't have told you that, but we will still need to come and appraise the new home and run a credit check on you to make sure that you qualify for that same deal.

That's fine, because Social Cap has also shown me many ways to improve my credit score.

Check out the videos in the caption and like and follow Social Cap for more tips.

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