Compare terms
Review rate, prepayment, portability, conversion, and renewal language.
Lender comparison strategySTRATEGY / 12
Move the mortgage only when the complete structure improves.
Compare lender pricing, features, remaining amortization, transfer costs, qualification, and future flexibility before switching.
12MortgageSwitch/Transfer
How the strategy works
A deliberate sequence from scenario to execution.
Confirm eligibility
Assess borrower, property, balance, amortization, and charge type.
Price the move
Include appraisal, legal, discharge, and any lender-paid transfer costs.
Coordinate the transfer
Protect the maturity date and keep instructions aligned between lenders and counsel.
Example scenario
Illustrative—not a promise.
A borrower at maturity compares a lower-rate transfer with the current lender’s renewal while valuing portability and prepayment flexibility.
Potential paths shown are educational only. A Pro Mortgage Group advisor will review your complete application to determine available financing options.
Financing options
Straight transfer
Transfer with a small increase where permitted
Refinance
Current-lender renewal
Potential benefits
Access to different pricing or features
Opportunity to simplify a charge
Potentially stronger long-term flexibility
Important considerations
Full qualification may apply
Not every mortgage charge is transferable
A lower rate may come with more restrictive terms
Qualification factors
Maturity statement
Eligible mortgage type
Income and credit documentation
Acceptable property
Frequently asked questions
Questions worth asking before commitment.
01Is a switch the same as a refinance?+
Not always. A straight transfer generally preserves the balance and remaining amortization, while a refinance changes the loan amount or structure.
02Will the new lender cover costs?+
Some programs may cover certain standard transfer costs, but exclusions and conditions must be confirmed.
Mortgage Switch / Transfer
Financing is only useful when it serves the plan.
Build My Mortgage StrategyMortgage approval is subject to lender qualification, credit review, property eligibility, income verification and applicable lending guidelines.