Mortgages

Switch your mortgage to ATB

Talk to an expert

Switch for free for a limited time

Get up to $1,500 waived in switching fees when you move your mortgage to ATB*. Speak with an ATB mortgage expert to begin.

Four reasons to move your mortgage to ATB

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Guaranteed rate

We’ll guarantee your rate for 120 days with a rate hold, giving you time to think through your options. If at the time of funding the rate for the term you selected is lower, you would be eligible to receive the lower rate.

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Dedicated support

We have an entire team of experts ready to help. Provide us with a few simple details and we’ll handle the rest—land titles, appraisal, and current lenders.

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Say “so long” to stress tests*

If your mortgage balance and amortization stay the same on your new mortgage, or if your mortgage is insured, you don’t need to do a mortgage stress test*.

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Switching is easy with an insured mortgage

There are no additional premiums as you keep the original mortgage default insurance with a straight transfer in. You’ll also qualify for high ratio mortgage rates.

How to switch to ATB

1: Find the right options

A great mortgage starts with finding the mortgage features that meet your needs. Compare our mortgages, and use our payment calculator to estimate your payments.

Compare mortgages

2: Get your home valuation and discuss your needs

A valuation can take as little as a few minutes*. Our team can also help you decide if you should refinance or access equity in your home through a HELOC.

A HELOC is the ultimate financial back up plan, giving you low cost access to funds for various purposes such as a home renovation, to consolidate debt, to invest in education or for unplanned expenses. By adding it to your mortgage now, perhaps even before you need access to it, you eliminate the need for future applications.

At ATB, we have two different HELOC loans:

  • HELOC: A revolving line of credit with a set limit that is secured by the equity in your home, up to 65% of your home’s value.
  • Flex HELOC: A revolving line of credit with a predetermined credit limit that increases as you pay down your mortgage, up to 65% of your home’s value.

To learn which HELOC is right for you, read more about borrowing from a HELOC.

3: Start your application

An ATB mortgage expert can help you get started. You’ll need documents such as a property tax assessment, current mortgage statement, and proof of income.

Talk to an expert

4: Get application approval

Our process is designed to minimize delays & maximize speed—most approvals happen in a few days. We will handle all of the details, including connecting with your current lender.

Our most popular mortgage rates

Term Residential Mortgage Rate First Residential Mortgage
5 Year High Ratio 4.59% 4.54%
5 Year Conventional 4.94% 4.89%
5 Year Variable High Ratio 4.30% N/A
5 Year Variable 4.70% N/A

The difference between a high ratio and conventional mortgage lies in the down payment amount and the requirement for mortgage default insurance.

A high ratio mortgage requires a down payment of less than 20% of the home's purchase price (between 5% and 19.99%). In Canada, it's mandatory to purchase mortgage default insurance for high ratio mortgages.

A conventional mortgage requires a down payment of 20% or more of the home's purchase price. Mortgage default insurance is not mandatory for conventional mortgages.

When buying a home in Canada, you’re required to have a minimum down payment of the following:

5% for homes $500,000 or less
5% on the first $500,000 and 10% for any amount above that for homes $500,000 or more
20% for homes $1,000,000 or more

An ATB Residential Mortgage provides flexible terms from 6 months to 7 years, with both fixed and variable rate options. You can make lump sum payments and increase payments of up to 20% of the original mortgage amount per year. With this mortgage, you have the ability to skip payments and refinance.

An ATB Rate First Residential Mortgage is our lowest rate mortgage, for a 5-year fixed term. You can make lump sum payments and increase payments of up to 10% of the original mortgage amount per year. With this mortgage, skipped payments and refinancings are not offered.

Take the next step: Talk with a mortgage expert at ATB

For help moving your mortgage to ATB, there’s no substitute for personal guidance from an expert. Our team of experts can help.

Compare ATB Mortgages

Residential Mortgage

Enjoy added flexibility on a fixed or variable rate

Ability to skip payments
Yes
Early renewal
Up to 120 days
Max amortization
Up to 30 years1 for high ratio and 25 years for conventional mortgages
Minimum downpayment
High ratio mortgages2: 5-20%
Conventional mortgages: >20%
Payment options
Choose from monthly, semi-monthly, bi-weekly or weekly payments
Prepayment options
Pay down your mortgage faster: Make lump sum payments of up to 20% of the original mortgage amount per year at any time and increase regular payments by up to 20% per year at anytime
Rate guarantee
120 days
Refinance
Yes
Terms and interest rate
6 months to 7 years, closed and variable rate options
View rates

Rate First Residential Mortgage

Take advantage of our lowest rate on a 5-year fixed term

Ability to skip payments
No
Early renewal
Up to 120 days
Max amortization
25 years for high ratio and conventional mortgages
Minimum downpayment
High ratio mortgages2: 5-20%
Conventional mortgages: >20%
Payment options
Choose from monthly, semi-monthly, bi-weekly or weekly payments
Prepayment options
Pay down your mortgage faster: Make lump sum payments of up to 10% of the original mortgage amount per year at any time and increase regular payments by up to 10% per year at anytime
Rate guarantee
120 days
Refinance
No
Terms and interest rate
5 years only, closed fixed-rate
View rates

Take the next step.

Connect with a mortgage expert on switching your mortgage with ATB.

Frequently asked mortgage questions

With an ATB mortgage pre-approval, you’ll lock in your rate for 120 days. And if the interest rate is lower at the time of funding, you’re still guaranteed to receive the lower rate.

When transferring an existing mortgage, ATB covers up to $1,000* in program fees, including processing and registration fees, based on a current home evaluation. This includes properties located within Alberta’s national parks.

Additionally, we’ll cover appraisal fees up to $500* from an ATB-approved appraiser, even for rural and remote areas. However, any additional appraisals won’t be covered under this offer.

ATB will directly handle payments to First Canada Title and our accredited appraisers for the fees that are included in the switch offer.

It’s easier than you may think. Just get in touch with us to start the process. Our team of experts can connect virtually or in person, ensuring your mortgage transfer goes smoothly every step of the way.

Need help?

Our Client Care team will be happy to assist.