Keep Your 3% Rate Forever? “Portable” Mortgages Could Be Coming
What if you could transfer your 3% mortgage rate to a new property? It could be possible in the near future. A new type of home loan would allow borrowers to move their mortgage rate when they sell and buy a new property, effectively ending the “lock-in effect” plaguing the housing market. Could a loan like this really come to fruition?
We’re back on another headline episode, touching on real estate’s top stories that you need to hear to invest better than the masses.
First, we’re talking about “portable mortgages,” another push for affordability from the Trump administration. You may be able…
The skinny
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