XEVA Mortgages                                                                                                       patricia@patriciacollins.ca | Cel: 604.996.7701 | Fax: 604.343.7111 | Follow Me: Facebook Facebook Twitter Tumblr

How Do You Calculate Your Penalty?

The below video from The Globe and Mail can help you estimate for planning.  It's best to phone your lender to ask for the penalty amount and then call your mortgage broker with that number so they can determine whether breaking your mortgage and locking in a new, lower rate mortgage is a money saver for you!