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Porting |
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Definition of PortingPortingThis allows you to move to another property without having to lose your existing interest rate. You can keep your existing mortgage balance, term and interest rate plus save money by avoiding early discharge penalties.
Related Terms:Nonbearing WallA wall supporting no load other than its own weight. StringerA long, horizontal member which connects uprights in a frame or supports a floor or the like. One of the enclosed sides of a stair supporting the treads and risers. Area WallsCorrugated metal or concrete barrier walls installed around a basement window to hold back the earth. Balloon Framed WallFramed walls (generally over 10' tall) that run the entire vertical length from the floor sill plate to the roof. This is done to eliminate the need for a gable end truss. Bull Nose DrywallRounded drywall corners. Gable End WallThe triangular end of an exterior wall above the eaves formed under a gable roof. aterial used to cover the interior framed areas of walls and ceilings
Knee WallA wall-like structure that supports roof rafters. Load-Bearing WallIncludes all exterior walls and any interior wall that is aligned above a support beam or girder. Normally, any wall that has a double horizontal top plate. Trombe WallA passive solar wall, usually masonry or concrete, used for passing heat from one room (like a sun room or solar garden room) to another. Wall OutWhen a painter spray paints the interior of a home. Related to : home, mortgage, insurance, homebuyer, real estate, property, buy home, home insurance, financing, home financing, home buyer, first time homebuyer, homes, homebuying, credit, condo. |