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@paladin6 So you can’t add the new amount under the same terms as the existing mortgage eh?

@resjudicata This is my understanding as well. The mortgage is ported over to the new property, and assuming the new property is more expensive even after down payment, the mortgage amount is increased.

This is probably a dumb question for whatever reason but figured I’d ask it on here. The 5% results in some meaningful savings. I feel like interests rates aren’t coming down that much in the near future. It’s a 5 year term. Interested in informed opinions. I know there is no crystal ball.