Is there anyway I can take advantage of my current low fixed mortgate rate when I move?

View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.

LifeLock Identity Theft Prevention - Save 10%

I currently have a 4.875% 15 year fixed rate and I'm planning on moving across the country in the next year. Since interest rates have risen I don't think I can get such a good rate if I buy a house when I move. Are there any financial intruments or techniques I could use to some how take advantage of my low rate. I'm under the impression that I must immediately pay off this loan when I sell my house. Thanks!

Is there anyway I can take advantage of my current low fixed mortgate rate when I move?

You are correct. You must pay off this loan. The buyer may be able to assume it, check you loan docs. If they can that could be a very good selling point for your home and you may be able to get them to pay you a premium for the low rate which you could turn around and use to buy down your next mortgage.

Good luck!

Is there anyway I can take advantage of my current low fixed mortgate rate when I move?

Unfortunately, I don't think there's a way to take advantage of your previous interest rate. Wow, 4.875, that's amazing...=)

Is there anyway I can take advantage of my current low fixed mortgate rate when I move?

Call the company that you have the loan with and ask if it is transferable to another property. It is a long shot but worth a try! If they can't help you then I would like an opportunity to help. Please call 877-Funds99 and ask for Dominic Moscato.

Thanks and have a great day!

FirstPrevious12 Next End

Is there anyway I can take advantage of my current low fixed mortgate rate when I move?

Topic