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| *Loan,banking and credit>>>mortgage loan |
Can I continue my old mortgage remaining period as partial loan on my new house? |
I have 3 years remaining in my old house 5/1 mortgage. Im planning to sell the house and buy a new one. Can I use the old mortgage to cover the partial amount for new loan? No. Mortgages are on specific properties. You cannot transfer them from one to another. Sorry! To be absolutely sure, call your mortgage company, they will be able to answer it for you for certain as they are the ones granting the mortgage in the first place. |
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