Mortgage Transfers Toronto
Most variable-rate mortgages cannot be ported. At Approved Mortgage Broker, no matter what your current mortgage is, we will negotiate with the lender to facilitate the mortgage transfer. We understand the law and have the experience necessary to do this. Sometimes lenders who have nothing to gain from a mortgage transfer will try to complicate the process and to frustrate you – we will not relent until the transfer is through if we feel your current terms allow for it.
You particularly need us if your credit score is worse than it was when you got the original mortgage. If your financial situation has deteriorated due to bad debt, most lenders will reject the mortgage transfer proposal. We will negotiate with the lender on your behalf and convince them, with the necessary proof, that you are still able to make your monthly repayments.