E*Trade Expands Into Lending

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Online broker E*Trade Inc., which has been expanding into the lending business, said it will begin offering portable mortgages that borrowers can retain with today's low rates when they move into a new home.

The new program will allow homeowners to keep their current mortgages when they buy a new home without having to pay off the existing loan and apply for a new one. The new product, called 'Mortgage on the Move,' will be available for a limited time.

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