The Penalty Killer

Roughly two out of three Canadians break their mortgage before the term ends – whether for lower rates, a home sale, refinancing needs, life changes, or unexpected circumstances. But most traditional mortgages are Closed, meaning any mid-term exit triggers a prepayment penalty.

Variable-rate mortgages come with relatively predictable penalties. Fixed-rate mortgages, however, are a different story: breaking one mid-term can be unexpectedly expensive. To make matters worse, the timing is critical – a difference of just one month can mean thousands of dollars gained or lost without the right guidance.

That’s where we come in: your behind-the-scenes specialists in analyzing, timing, and minimizing fixed-rate mortgage penalties.

Using industry-leading technology combined with a few key details from your current lender, we provide:

• A clear cost–benefit estimate of breaking your mortgage now
• Insight into whether waiting – or acting sooner – could save you thousands
• Strategic timing recommendations based on real penalty mechanics, not guesswork

Think of this as having a personal consultant whose job is to try to help you break your mortgage intelligently. We decode the opaque penalty formulas lenders use and translate them into clear, actionable advice – so you can make your move with confidence.

For existing clients, this service goes without saying. If we haven’t met yet, simply reach out and we’ll walk you through the next steps.

For now, here’s a primer on how Canadian mortgage penalties actually work…