Project Options
Explore mortgage transfers or switches to access better rates, improved terms, or new lender benefits.
Credit Friendly Options
Even if you're mid-term or dealing with fees, we help you weigh your switch options without compromising your finances.
Flexible Loan Terms
Move to a mortgage with terms that reflect your current life stage, budget, and future plans.
Quick Approval Process
Fast assessments and lender coordination so your switch or transfer doesn’t slow you down.
Wondering If It’s Time to Switch Lenders?
Smarter Mortgage Transfers Start Here
Thinking about switching your mortgage to a better rate or lender? Whether you’re up for renewal or still locked into a current mortgage, we help you determine if a switch makes financial sense.
We guide you through the requalification process, clarify fees, and help compare terms. From legal charges to potential penalties, we work through the details—so you can make a confident decision.
Apply today to get a full picture of your mortgage transfer options.
Certified Team
Our experts handle all aspects of your mortgage switch—from qualification to lender coordination.
Trusted Company
Thousands trust us to manage their mortgage transfers and ensure every switch is financially beneficial.
Apply For a Loan
Get Approved in a Few Simple Steps
Flexible Financing Options
Smart Transfers Start with the Right Advice
If your mortgage is up for renewal—or you simply want better terms—it may be time to switch. We’ll help you weigh your options, understand requalification requirements, and assess lender-specific fees.
With access to a wide range of lenders, Powerhaus Mortgage Experts can find the rate and mortgage product that suits your current life—and your future.
Apply today to take control of your mortgage.
Frequently Asked Questions
Most homeowners switch or transfer their mortgage to access a lower interest rate, improved features, or more favorable terms.
Yes—if you’re at the end of your mortgage term (renewal time), you can often transfer your mortgage penalty-free. However, legal and appraisal fees may still apply depending on the lender.
Switching mid-term typically involves a penalty for breaking your mortgage, which can be substantial. You’ll want to make sure the savings on a new rate justify the cost.
If your current mortgage is a collateral charge, it can’t be transferred—it must be discharged from your current lender and re-registered with a new one. This includes legal fees and possibly appraisal costs.
Lenders may ask for:
Application and credit report
Proof of income and employment
Renewal statement with mortgage number
VOID cheque and pre-authorized payment form
Signed commitment and insurance verification
Appraisal (if required)
Payout authorization and property tax bill
Proof of default insurance if loan-to-value (LTV) exceeds 80%
Yes—you must qualify again at today’s rates, even if you’re switching at renewal. This includes income verification, credit review, and debt servicing analysis.
Some lenders offer to cover part or all of your legal and transfer fees as part of their mortgage product incentives. Ask us to find out which lenders are offering these promotions today.