Question: Can my secured line of credit transferred to a new mortgage lender?

Answer:    No. Since the secured line of credit is registered differently from a regular mortgage, your secured line of credit cannot be transferred to a new lender. In order to tranfer, you will have to do a refinance to pay it off and register a new mortgage on the property. This will require a lawyer to do the legal work.

Applicable to Home Equity Line of Credit (HELOC), or a line of credit registered behind a regular first mortgage.