What happens when I break my current Fixed Rate Mortgage contract?
The current conditions of your mortgage contract may no longer meet your needs. If you want to make changes before the end of your term, you can renegotiate your mortgage contract. This is also known as breaking your mortgage contract.
You may want to pay a mortgage penalty and break your mortgage if:
interest rates have gone down
your financial situation has changed
you want to buy a new home and are planning on moving
your family situation has changed
your home no longer meets your needs
Get advice you can depend on.
One of our Mortgage Brokers will be happy to review your current terms and properly advise you if it is wise PORT your current mortgage, or start fresh with a new product. Reach out today!