We make mortgage transfer transparent and easy for you.
If you decided to move to a new home and would like to transfer your existing mortgage, Turkin Mortgage brokers make it an easy and convenient process. We have experienced and dedicated mortgage specialist and offer unbelievable fixed or variable interest rates that are no match to our competition.
We can transfer your existing mortgage from your current financial institution to another one with better terms and conditions. Why pay a high rate when you can transfer your mortgage to a much lower rate and save thousands of dollars? We have all the best options for our customers and customize mortgage plans to suit everyone’s individual needs.
...pick the one thats right for you.
starting from
6.45%Term | Rate |
---|---|
HELOC | 5.95% (Prime rate) |
Lender | Rate | Term |
---|---|---|
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3.99% | 5 year |
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4.19% | 4 year |
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4.09% | 3 year |
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4.99% | 2 year |
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4.99% | 1 year |
Term | Rate |
---|---|
5 year variable | 4.95% (Prime - 1%) |
3 year variable | 5.1% (Prime - 0.85%) |
Term | Rate |
---|---|
Line of Credit | Starting at 7.2% |
Equity Loans | Starting at 6.5% |
Private Mortgages | Starting at 5.75% |
A mortgage transfer, also referred to as a mortgage port or mortgage porting, allows you to move your existing mortgage to a new property or lender. This process enables homeowners to maintain their current interest rate and avoid paying penalties for breaking their mortgage contract.
Mortgage transfers are particularly beneficial in situations where the current interest rates are higher than those of your original mortgage.
By transferring your mortgage, you can potentially save money on interest payments and avoid mortgage discharge fees, making it a cost-effective option when moving to a new home or switching lenders.
Transferring your mortgage can provide several advantages, making it an appealing option for homeowners looking to switch properties or lenders:
Overall, transferring your mortgage offers flexibility and potential savings while maintaining the favorable terms of your existing loan.
When considering a mortgage transfer, it's essential to review the process carefully. If transferring isn’t ideal, homeowners may also explore alternatives like refinancing or equity takeout options. However, if a mortgage transfer is the right path for you, here’s a step-by-step guide.
By following these steps, you can ensure a smooth transition and potentially benefit from better terms with your new mortgage.
When transferring your mortgage, several fees may apply, and it’s important to be prepared:
While these fees vary depending on the lender and province, being aware of these costs can help you plan and budget effectively.
When transferring your mortgage to a new property, it’s essential to follow these key steps:
Completing these steps will ensure a smooth transition, allowing you to carry over your existing mortgage to your new home.
Transferring your mortgage is a great strategy to save money on mortgage payments. Let us provide you with free advice to transfer your mortgage the right way. Contact us today to get an expert consultation.
…by providing award winning customer service to each and every single client.
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5 Years - Fixed Term - 1.59%
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