请教portable mortgage

SNOW.W

如题，portable mortgage 银行是如何运作的？比如，3年fixed closed portable mortgage,还有两年合同才到期，想把现在的motrgage port 到新的MORTGAGE 银行是如何运作的?需要交费用吗？什么费用？大概多少？谢谢。

年轻的心

Example:Buyer A has a home with a $250,000 mortgage, at 4% interest a 5 year term and a 30 year amortization period. At the end of year 2, Buyer A must move to a new city due to a job change. Since the time of taking the original mortgage, prevailing interest rates have risen to 6%. Rather than taking a new mortgage, incurring prepayment penalties and higher interest rates, Buyer A’s mortgage has a portability feature.
3 e& d1 ~/ D% p4 w# tBuyer A transfers his mortgage, on its original terms, to the new property. The interest rate will remain at 4%, there will be no prepayment penalties and the mortgage term will have 3 years remaining. Buyer A will pay a few hundred dollars in bank fees for the privilege to transfer the mortgage.

- Q2 H8 B$ x8 w! l" c5 \Advantages of a Portable Mortgage
A portable mortgage feature has several advantages for the right homeowners. If a homeowner has locked in to a low rate when mortgage rates are low, but then has either the need or the desire to purchase another home, the low interest rate is retained.

. C! J' _2 ~: Y1 h. S# L0 sPrepayment penalties can be severe, up to 3 monthly payments or the cost of increased interest in the remaining term of the mortgage. These amounts can equal several thousands of dollars.

  {2 O9 n) y" ]" \7 T! M( CIn addition, many of the costs associated with obtaining a new mortgage might not be charged. However, you might expect an appraisal fee for the new property, as the mortgage lender must be assured that the loan-to-value ratio meets their requirements.
2 Y8 s- x+ C- r7 }. M3 t7 N% {
At First Foundation, all of our mortgage products have portability features and we can explain their benefits when assessing your mortgage needs.

SNOW.W

收到，谢谢