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Understand the penalties and how to make informed decisions about your mortgage.
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Hi there,


Breaking up is hard to do, and breaking up with your mortgage is expensive to do. This week's article is meant to help make breaking up with your mortgage a lot less expensive.


Fun fact: About 60% of mortgages don’t live to see maturity. Chances are that at some point you will want to sell or refinance, and your mortgage contract could be in the way.


In “What Are the Penalties for Breaking a Mortgage?” I explain mortgage penalties in Ontario, helping you understand when breaking your mortgage might be a smart financial move and how to be more prepared for an uncertain future.


Check out the full article to learn more about how to potentially save thousands when refinancing or switching lenders.



Talk soon,

David Pipe

Check out our latest article:

Don't let mortgage penalties catch you off guard – click here to learn how to reduce them.

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Important upcoming dates:

Canada Child Benefit (CCB) Payments:

  • June 20, 2024
  • July 19, 2024
  • August 20, 2024


Personal income tax deadlines in 2024:

  • Income tax return filing for self-employed individuals: June 17 (the normal deadline of June 15 falls on a Saturday this year)




Want to learn more? Lets talk

David Pipe is a Mortgage Agent of TMG - The Mortgage Group, FSRA  #10315

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