Take advantage of today’s historically low variable rates. Break your current mortgage & SAVE! Allows you to stay in the game longer!
Prime -1.0% OR LOWER available*
As you can see in the example above, you can recoup the penalty to break before the end of your current term.
The first column shows John & Susan’s current mortgage balance, their current rate at prime -0.55%, and the projected balance at the end of a 5 year term. In column two, John & Susan have decided to break their current mortgage to get better variable pricing at prime -0.95%. They have added the approximate 3-month interest penalty into their new mortgage, kept their monthly payment the same, and you see they have paid down their mortgage significantly faster over the 5 years.