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Transfer your mortgage

Want to change lenders? With our help, get a mortgage that fits your situation and needs.

Cash back of $1,200

You could get $1,200 cash back by switching your mortgage over to us 1 .

What does it mean to transfer your mortgage?

You transfer your mortgage when you change lenders and continue to pay down your balance at another financial institution. It's an ideal time to get mortgage conditions that better fit your needs or to reassess your financing amount if you have a project in mind, like a home renovation.

Benefits of transferring your mortgage to us

Perso­nalized support

We're here to answer your questions and guide you through the transfer.

Flexible finan­cing options

Enjoy a financing solution suited to your needs with our mortgage loans and the Versatile Line of Credit.

Full range of pro­ducts

Meet all your housing needs with our mortgages and home and loan insurance.

Prac­tical online services

Easily manage your mortgage with AccèsD. Make a prepayment or renew your mortgage online (if eligible).

When should you transfer your mortgage?

You can transfer your mortgage at any time, but keep in mind that you may have to pay certain fees. It all depends on the terms of your loan agreement.

Our advisors can help you decide the best time to transfer your mortgage based on your situation and plans.

How does a mortgage transfer work?

The mortgage transfer process generally takes at least 6 months from beginning to end.

1. Prepare your transfer application

  • Make a list of your income, expenses and other debt.
  • Review your financial needs and your plans.
  • Gather the documents we need to start the request.
Documents to have on hand
  • Proof of income (such as a pay stub or federal notice of assessment)
  • Investment statements
  • Copies of municipal and school taxes
  • Piece of ID, if you're not a Desjardins member
  • Statement containing mortgage balance, if available
  • Current leases, profit and loss statements (tax schedules) and provincial and federal notices of assessment for the past 2 years, if you have income property

We may ask for more documents, such as a property appraisal or lending documents, depending on your situation.

2. Contact us to start your transfer application

  • Tell us about your financial situation, your needs and your plans.
  • Send us your documents and the information required to analyze your request.
  • Give us time to review your file. This may take several weeks.

3. Finalize your transfer

  • Once we've contacted you, confirm your choices and the conditions of your new mortgage.
  • Visit your notary's office to make the switch official. This step incurs fees.
  • Follow your notary's instructions on how to close your mortgage account with your old financial institution and tell your home insurance company you've changed lenders.

Special mortgage rates

39-month closed fixed-rate mortgage

5.29% 2

This rate stays the same for 39 months.

5-year closed fixed-rate mortgage

5.59% 3

This rate stays the same for 5 years.

5-year closed reduced variable rate mortgage

6.95% 3

This rate varies with the prime rate 4 , but maintains a rate spread guaranteed for 5 years.


What do I need to pay when I transfer my mortgage?

The fees involved with switching your mortgage to another lender depend on your situation. The most common ones are:

  • Legal fees required to make the transfer official
  • Administrative fees, if charged by your current lender
  • Prepayment charges, if charged by your current lender if you transfer before the end of your term
  • Appraisal fees charged by a certified appraiser to determine the value of your home, if required
Can I transfer a mortgage insured by Sagen or the CMHC?

Yes, you can transfer a mortgage insured by Sagen or the Canada Mortgage and Housing Corporation (CMHC). Your coverage and premium remain the same.

Can I refinance when I transfer my mortgage?

Yes. If you need more money for a project, such as for renovations, you can apply for refinancing when you transfer.

Transfer your mortgage to us

By phone

Monday to Friday: 8 AM to 9 PM
Saturday: 9 AM to 6 PM

We can also call you when it's convenient.

With an advisor

Book an appointment on AccèsD if you're a member, and meet with an advisor online, in person or over the phone.

Check out our mortgage products


Learn the basics so you can choose the mortgage option that's right for you.

See our mortgages

Versatile Line of Credit

Use our home equity line of credit to finance your home or projects.

Discover the Versatile Line of Credit
Only mortgage loans or loans linked to the Versatile Line of Credit worth $100,000 or more and with a minimum term of 48 months. Subject to a credit check. This offer may change or be revoked at any time.

The loan must be for an owner-occupied residential property of 1 to 4 units.

This offer applies only to mortgage transfers from other financial institutions. This offer does not apply to changes made to an existing Desjardins mortgage, additional loan disbursements, renewals, new mortgages, to transfers of a Desjardins mortgage to a Versatile Line of Credit or mortgage transfers from one caisse to another. Other conditions, exclusions or limitations may apply. Contact an advisor to learn more.
This promotion is available for a limited time to individuals taking out a closed 39-month fixed-rate mortgage with a maximum 25-year amortization to purchase a residence or an owner-occupied building with up to 4 units. Valid for mortgage transactions and renewals in Quebec and Ontario. For new mortgages, the rate will be guaranteed until July 31, 2024, which is the deadline to make the disbursement. The rate cannot be customized. The promotion may be combined with cash back offers, subject to the applicable conditions being met. The rate is subject to change without notice. Other conditions or exclusions may apply. This offer may end at any time without notice and is subject to credit approval. Please contact your Desjardins advisor. You must meet the eligibility criteria to receive the promotion. The Desjardins prime rate was previously called the Caisse centrale Desjardins prime rate.