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Mortgage porting, is the process of transferring a mortgage from one property to another. Mortgage porting is typically allowed as long as both the borrower and property meet the lender's requirement.

It's important to carefully review the terms of your mortgage and any applicable fees before deciding to port your mortgage. Some lenders may charge a fee for mortgage porting, and the terms of the original mortgage may change if the new property has a different value or if the borrower's financial situation has changed.

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Dominion Lending Centres The Mortgage Source
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