If you have a great rate on your mortgage, it may feel tough to give that up to move houses — especially if current mortgage rates are significantly higher. But what if you could move your mortgage with you? This is, effectively, what portable mortgages make possible: they allow existing homeowners to take their existing rate with them to a new property.

As of now, this type of mortgage is primarily available abroad. But the Trump administration has floated the idea of making it possible in the U.S. Those in favor “argue that portability could loosen up inventory by making it more affordable for current homeowners to move,” said Kiplinger . However, others contend that it may “introduce significant complications,” not to mention “offer little benefit to renters or first-time buyers

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