Can I transfer my mortgage to another property?

Yes, it is possible to transfer your mortgage to another property. At Central Mortgage Company, we offer an option called mortgage portability. This means that if you are eligible, you can move your existing mortgage balance, interest rate, and terms to a new property without incurring penalties or breaking the current mortgage agreement. Transferring your mortgage to another property can be a convenient solution if you are planning to upgrade or relocate. However, certain conditions may apply, such as ensuring the new property meets our lending criteria. It is recommended to contact our team for a personalized assessment of your situation and to discuss the specific requirements and process involved in transferring your mortgage to a new property.