Please note: As part of our system upgrade, you may have received an e-mail confirmation with a case number if you have contacted Peoples Bank in the past. If you have not contacted us recently, and currently do not require assistance, please disregard this e-mail. We apologize for any inconvenience and confusion on this matter.
Attention : Dans le cadre de la mise à jour de notre système, vous avez peut-être reçu un courriel de confirmation avec un numéro de dossier si vous avez contacté Peoples Group dans le passé. Si vous ne nous avez pas contactés récemment et n'avez actuellement pas besoin d’assistance, vous pouvez ignorer ce courriel. Nous nous excusons pour tout désagrément ou confusion causés.
Understanding your options
When you’re moving to a new home, how do you handle your current mortgage? You may need to refinance and get additional funds, or move your mortgage to your new home. Whatever your needs are, speaking with one of our mortgage planners will help you choose which method is right for you.
Transfer your mortgage from home to home
Peoples Bank offers homeowners the option to transfer their current mortgage to the next home. With a portable mortgage, you can transfer its interest rate along with its existing terms and conditions.
- If there’s a port increase, you can borrow additional funds.
- If there’s a port decrease, normal payment rules apply.
Break your existing mortgage and get a new one
The main reason to break your mortgage is to obtain a lower interest rate. Perhaps a job relocation or family changes are requiring you to move.
Refinancing your mortgage could save you money in interest; however, you may incur fees or penalties. For closed mortgages, use the calculator below to calculate your prepayment penalty.