PRACTICAL GUIDES
Questions and Answers about Mortgage Financing
Financing does not have to feel like a maze of technical terms. At FINOVA, we believe clarity is the first step towards a smart decision. Explore our Practical Guides and FAQ centre to understand the financial language and every step of the process — without fine print and without complications.
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Can I transfer my mortgage to another bank?
Yes, you can transfer your mortgage to another bank, provided you notify your current bank at least ten business days in advance. A fee may apply, but it cannot exceed 0.5% of the repaid principal for variable-rate contracts, or 2% for fixed-rate contracts.
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