Switch/Transfer

  
  • Penalties for conventional mortgages can be included in the switch amount (Original mortgage amount cannot exceed $750,000)
  • We will pay the legal fees and up to $300 of the discharge fees charged by the existing financial institution
  • Reimbursement of the appraisal fees up to $300
Requirements

  • Must be owner-occupied
  • No switches from builders, private lenders or collateral charges
  • Remaining amortization cannot be increased to original on high ratio mortgages
  • Title must remain the same
  • High Ratio switches will be insured
  • Borrowers must meet our usual credit criteria