Transfer mortgages to First National

For clients looking to make the leap to First National, we offer two mortgage transfer options to accommodate their specific needs.

The no-fee regular transfer option gives clients access to First National’s broad portfolio of mortgage solutions.  The enhanced transfer option is a program designed for clients with insured readvanceable mortgages.


  • Ideal for borrowers looking to switch lenders for broader solutions, more flexibility and service that goes beyond
  • No fees associated with transferring
  • Caps for fees charged by existing lenders of up to $1000 for insured transfers and $2500 for conventional
  • Terms of five years for adjustable and three years (greater available) for fixed
  • Up to 95 per cent loan to value
  • Minimum $75,000 loan amount
  • Minimum 10 year amortization; up to 30 years for conventional and up to 35 years for insured

Enhanced Transfer:

  • Ideal for borrowers with insured readvanceable mortgages that don’t qualify for a traditional refinance (either as a result of refinance maximum of 80 per cent loan to value or because the mortgage is registered as a collateral or running account)
  • Transfer done through a new registration
  • Current insurance remains in place
  • Up to 95 per cent loan to value
  • Amortization remains the same
  • Terms of five years for adjustable and fixed (five-year Option 90 term also available for fixed)