Glad to hear you figured this out.Un4GivN wrote: ↑Jul 29th, 2009 8:31 pmIt's not a matter of 'getting my way' ... I don't want to break the mortgage or anything, I just want it ported to my new house. It amazed me that they have never come across a customer with an existing mortgage who then wanted to purchase a brand new home. I did manage to speak with a manager at ING Direct and they said they are able to accommodate me. Thanks for all the replies...seems much more difficult than it should be.
Two questions though, how do you "port" a mortgage? I would have thought that since it is a loan for a different amount with different collateral, it would require a separate agreement.
Also, when exactly are you paying for this new house? Do you need to give him the money before you build, or are you just buying it from the builder once it is built?