Robert McLister·General·January 5, 2012Breaking a Mortgage Breaking a mortgage is the act of terminating a mortgage early, before maturity. Breaking a mortgage typically results in a mortgage penalty when the mortgage being broken is a “closed” mortgage. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.