Mortgage Switch Program

There are benefits to switching your mortgage to Cornerstone Credit Union, and it shouldn't cost you to do so. If you're in the market for a new mortgage, we can make transferring to Cornerstone simple and straightforward, and save you your hard earned dollars in the process. Contact us today to discuss how you can take advantage of our Mortgage Switch Program and get up to $1,250 on us to cover your switch fees!

Fees the Mortgage Switch Program covers: 

  • First Canadian Title Fees
  • Appraisal / Opinion of Value
  • Discharge fees from current Financial Institution* 
*Fees for early prepayment from your current Financial Institution are not covered


Our Mortgage Switch Program is available on the transfer of an existing mortgage from another financial institution to Cornerstone Credit Union. This program is not available for any amendment to an existing mortgage, advance of additional funds, or a renewal.

Some conditions apply:
  • Owner-occupied consumer residential mortgages only; primary residence, residential acreage, vacation home, and home-quarter land. Not available on construction-draw mortgages. 
  • Mortgages must have a principal amount of $100,000 or more.
  • Offer is subject to approved credit and payable upon funding.
  • Offer is valid for closed fixed rate mortgages or closed variable rate mortgages, with a 3-year term or greater. If the transferred-in mortgage term is broken prior to the required 3-year period described above, switching fees that Cornerstone Credit Union reimbursed for that mortgage must be repaid by the mortgage holder and shall be paid within thirty (30) days of the mortgage payout. 
  • Preauthorized mortgage payment must come from a Cornerstone Credit Union chequing account.
  • Other terms and conditions may apply.
This program can be amended or withdrawn at any time without notice.

Call 1.855.875.2255 today to get started! Our advisors are waiting to discuss your specific mortgage needs and can help you get switched to Cornerstone Credit Union!

Mortgage products worth switching for.

Fixed Rate

Our Fixed Rate Mortgage provides you peace of mind as your rate is fixed throughout your term.

And of course – our rates are always competitive.

Variable Rate

If you believe rates will decline and want to save on interest costs, our Variable Rate Mortgage may be the right choice for you.

You can also select to have a capped rate on your Variable Rate Mortgage. This provides you the flexibility of a floating rate with the security of a capped rate if Prime Rate was to increase – it’s a win-win!

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