PREPAYMENT PENALTIES - How Much Does It Cost to Cancel My Mortgage

Saskatchewan Real Estate Podcast

Aug 28 2023 • 27 mins

PREPAYMENT PENALTIES - How Much Does It Cost to Cancel My Mortgage What happens when you need to break your mortgage in Canada? Many Canadian don't know their residential mortgage works and what happens if you break your mortgage contract. One of the most important things that a Canadian mortgage borrower should factor in when choosing a mortgage is how is my prepayment penalty calculated. The fact of the matter is, is that lenders do not do a good job explaining how these prepayment penalties can arise and helping home owners avoiding them. Today on the Saskatchewan Real Estate Podcast, Mortgage expert Matthew Imhoff joins Ron Quaroni and they discuss the important aspects of these penalties. To get in contact with Matt visit his website or check out his Facebook page. To connect with Ron and get started on a no-fee preapproval simply answer this simple questionnaire to get started! To learn more about buying or investing in Saskatchewan Real Estate, visit Ron Quaroni's website and follow his social channels: Website: Facebook: Instagram: LinkedIn: TikTok: [Disclaimer] The information presented in this video is for demonstrative purposes only. It is important to note that it does not take into account the specific objectives, circumstances, and individual needs of the viewer. The video serves an educational purpose, and viewers should rely on it as such. While the information is believed to be reliable, its accuracy, completeness, and currency cannot be guaranteed. The authors, sources, and any other parties mentioned in the video assume no liability of any kind in connection with the information provided.