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What are the fees to switch a mortgage?

When you transfer / switch your mortgage to another lender, you will be charged transfer fees.


When you switch your mortgage to Cambrian, we cover the following fees:


Title Insurance Fees

Cambrian will cover the fees for First Canadian Title to protect you in the event of title or land survey issues.


Discharge Fees

When your transfer your mortgage, your current financial institution must give up the rights to your property. This is known as “discharging” your mortgage. We currently cover up to up to a maximum of $235 of discharge fees charged by the other financial institution.


Property Valuation Fees

As part of the mortgage transfer, we may require a property value appraisal to establish the value of your home and Cambrian will cover the fees.


If you switch / transfer your mortgage before the maturity date, you may incur a mortgage pre-payment penalty. Cambrian does not cover this fee but we can calculate if switching to our lower rate will outweigh the cost of the penalty.