Please note: We are aware of intermittent issues with our online banking platform affecting your ability to log in. We appreciate your patience as our teams work diligently to resolve the issue. Please call 1-833-309-4860 from 5:00am to 4:30am PT if you require assistance during this time.
Attention : Notre plateforme de services bancaires en ligne connaît actuellement des problèmes intermittents qui peuvent nuire à votre capacité de vous connecter. Nous vous remercions de votre patience pendant que nos équipes travaillent avec diligence pour résoudre la situation. Si vous avez besoin d'aide durant cette période, veuillez appeler le 1-833-309-4860 entre 5 h 00 et 16 h 30 heure du Pacifique.
Understanding your options
When you’re moving to a new home, how do you handle your current mortgage? 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.