Category: Refinancing
Breaking your mortgage early, switching lenders, and accessing home equity through a refinance.
-
Mortgage Prepayment Penalty in Canada: Is Breaking Worth It?
Breaking a mortgage before the term ends almost always comes with a prepayment penalty, and depending on how your lender calculates it, that penalty can be surprisingly large. Sometimes it’s still worth paying. A much lower rate, a move, a…
-
Refinancing Your Mortgage in Canada: How to Access Home Equity
Refinancing lets you borrow against the equity you’ve built in your home, often at a lower rate than other forms of credit. Homeowners use it to renovate, consolidate high-interest debt, help family, or invest. But it also resets part of…