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Real Estate · Worksheet · Free

Breaking your mortgage: the penalty, the math and your options

How an Ontario prepayment penalty is calculated, what the Interest Act allows, and a worksheet for deciding whether breaking makes sense.

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Treadstone LawWorksheet
Real Estate
Breaking your mortgage: the penalty, the math and your options
8 min · OntarioTSL
What's inside the guide
Step one: find the three documents
Step two: three months' interest
Step three: the interest rate differential
Step four: the rule the contract cannot override
Step five: the worksheet
Step six: the options in order of cost
What happens after you decide
7
sections
7
min read
Ontario
coverage
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