Can You Refinance Out of a Portfolio Loan?

Yes, refinancing out of a portfolio loan is possible. However, a more cost-effective option often is to perform a product switch, known as a Product Transfer (PT), with your current lender. A PT allows you to switch to a new mortgage product with the same lender, usually with lower costs and less paperwork than a full refinance. Opting for a PT can be particularly beneficial if the lender offers favorable terms, underscoring the importance of choosing a portfolio lender that provides flexible refinancing options, including product transfers. This strategy can keep your financial arrangements agile, adapting to your changing investment needs and market conditions.

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