What’s a Portable Mortgage — and Why Does It Matter for Buyers and Sellers?

If you’re thinking about moving but don’t want to give up your great interest rate, here’s some good news: a portable mortgage might be your secret weapon.

A portable mortgage allows you to transfer your existing mortgage (and its low rate!) to a new property, instead of starting from scratch. This can be a game-changer in today’s rate environment.

✔️ For Sellers

A portable mortgage can make your home more attractive to buyers — especially if your current rate is significantly lower than today’s market rates.
👉 Lower payments = more buyer interest.
👉 More buyer interest = potentially higher offers and faster sales.

✔️ For Buyers

If you already own a home and are looking to move, portability lets you:
🔹 Keep your current interest rate
🔹 Save on borrowing costs
🔹 Reduce the stress of rising rates

It’s a smart strategy for downsizers, growing families, or anyone looking to make a move without the financial shock of a new high-rate mortgage.