How to switch your mortgage lender
Switch your mortgage
Get cash back when you move to Meridian
Take advantage of flexible options and expert advice
Get up to $3,000 cash back** when you switch to Meridian
You could get up to $3,000 cash back, a free financial plan, and more, when you open a mortgage with Meridian.
What you get when you switch to a Meridian mortgage
Switching made simple
We’ll talk to your current lender and handle the paperwork. Quick and easy.
Lock in your rate
Start your mortgage application and we’ll hold your rate for 120 days.
Expert advice
Our mortgage advisors can help you design a mortgage that fits your needs.
Discover great rates
How to switch your mortgage to Meridian
When your current mortgage doesn’t match your finances and goals for the future, it may be time to switch. You can switch whenever you want, but for many people the best time to move to a new lender is when your mortgage is coming up for renewal. At least six months before your renewal date, start looking at your options.
1. Talk to an expert
Take a moment to talk through all your questions with one of our expert mortgage advisors. Together, you can create a mortgage plan that aligns with your goals, home, and future.
2. Collect and sign documents
Once you’ve sorted out the details, your advisor will let you know what documents to collect and get your permission to collect a payout statement from your current lender.
3. Let us take care of the rest
Leave it to us. Meridian’s advisors will sort out the paperwork. Once you’re approved, our advisors will help discharge your existing mortgage and get your new one set up.
What documents do you need?
- Government-issued photo ID
- Verification of your employment and income
- Annual mortgage statement or mortgage renewal document from your current lender
- A recent property tax bill
- Proof of your property insurance
Frequently asked questions
You can switch any time. If you’re planning to switch lenders at the end of your mortgage term, start exploring your options and setting up a meeting with a mortgage advisor in the 4 to 6 months leading up to your renewal date.
Switching your mortgage to a new provider usually takes longer than simply renewing it. Once you’ve decided on and been approved for a new mortgage, the transfer process can take about 4 to 6 weeks.
The cost of switching your mortgage depends on several factors, including timing. Talk to your mortgage advisor learn more.
Yes, you can apply to refinance or access your home equity when you switch your mortgage. You can also adjust your mortgage terms, like the interest rate, mortgage type, and term.
