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

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

Your impression was absolutely right. The loan is attached to the house, not you. You just pay it. That loan must be paid off or assumed (assuming its assumable to the buyers of your property). The loan doesnt follow you. Its paid off, you cant take that rate with you.

You will get whatever rate they currently have when you buy your new property.

*sidenote* BY I think this is 3 days in a row I have given you a thumbs down. Why? Because your advice sucks, Second you are using this site to market yourself. If you are that desperate to get business, then clearly everybody knows you suck at what you do and they wont call you anyway. Just answer the questions. If you need this site to get business you SUCK at what you do. Find another job.

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

That's an awesome rate.

The bank has absolutely no incentive to let you take the loan with you and when you signed loan documents it said if you sell we get re-paid.

DO NOT try and duplicate this rate with an option arm, interest only, loan on your next home.

May be tempting but your setting yourself for big trouble down the road if you don't stay in a FIXED RATE LOAN.

Hope this helps!

Terry S.

http://www.Welcome2Arizona.com

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

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