CMT Team·Mortgage Tips & Advice·March 20, 2011Switching Lenders After The Rule Changes So far, the most popular question we’ve seen following Friday’s mortgage rule changes is: Can I switch lenders if my loan-to-value is over 85% and my amortization is over 30 years? The answer is yes, as long as your amortization, mortgage amount, and LTV don’t increase. Even if you got a 40-year amortization (or 100% financing) pre-2009, you can still switch lenders if you qualify. That said, not all lenders will accept transfers on amortizations over 30-35 years (or LTVs over 90-95%), so check with your mortgage adviser to find out who does. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.