How to Break Out of Your Mortgage Early (& Save THOUSANDS)

We always see people asking about methods to break out of their mortgage early and potentially save themselves from hefty penalties. Last week we came across several different articles talking about ways to do this. So in this week's video we are going to go through them and walk you through how to potentially get out of your mortgage early and avoid hefty penalties. If you have a fixed rate mortgage right now or will be having one in future and may one day need to break your mortgage early, this is the video for you!

This is not financial advise, speak to your advisors!

#canada #mortgage #finance

▼ Time Stamps

[0:00] Start
[1:26] Prerequisites
[1:50] Martin's timeline
[3:43] How does fixed rate mortgage penalty work
[5:32] Posted rates
[6:30] IRD calculation
[10:09] How to flip IRD around against the bank
[11:18] Blend & Extend
[13:30] FAQs


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