Can You Benefit from a Portable Mortgage?

Ever heard of a portable mortgage?  They are fairly new, so the term may or may not be too familiar to you.  Portable mortgages were nonexistent before 2003, but for the past eight years they have been available as another option for home buyers.

The idea behind a portable mortgage is simple and ingenious, but took surprisingly long to hit the public market.  When you buy a house and move several years later, you usually lose a fair amount of money through the additional transactions involved with ending your current mortgage and starting a new one.