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.
Last modified: January 5, 2012
Written by Robert McLister• January 5, 2012• 5:04 PM• General • Views: 8
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.
Last modified: January 5, 2012
Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.
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