Ask the expert before you go breaking your mortgage…

It may not always be in our interest to break your mortgage. Many mortgages have a small (or large) penalty to fully payoff the mortgage before the end of your term. This penalty may or may not outweigh the interest benefit from getting a new mortgage.

Correctly calculating the total costs and comparing between breaking your mortgage and refinancing a new mortgage or keeping your mortgage as is, can be complicated. But don’t worry, I have the technical expertise to help you make the right assessment and educate you as to why one may be better than the other.