Depending on your mortgage lender, yes. Most lenders are now offering options that allow you to take (or “port”) your mortgage with you. Typically you will not be assessed additional fees if the possession period between your old and new home is 60 days or less.
Purchase Plus Improvement Mortgage
Applying for a mortgage shouldn’t be hard or confusing,
What is a down payment?
Part of the purchase price of a property that is paid in cash and not financed with a mortgage.
What is an earnest deposit?
This is a sum of money given to bind the sale of real estate, or a sum of money given to ensure payment or an advance of funds in the processing of a loan.