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Penalties and Porting

Did you know that 60% of homebuyers in Canada break their mortgage term before the due date?  

Mortgage Terms get broken early for many reasons including moving, refinance, better rate or product comes up, life/work change etc. 

The key is knowing how the options work and then how you can protect yourself. 

If you need to break your mortgage, you have 2 options:

1) port the mortgage to a new home or,

2) incur a breakage penalty

Frequently Asked Questions
Penalties and Porting

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