Mortgage Penalties

Mortgage penalties are integral to lenders making serious cash.  When refinancing or trying to get a better rate it is important to know what the exit cost you will be charged.  These charges vary wildly from lender to lender so it’s best to use your specific lender’s guidelines.

This video does an awesome job at describing how penalties are calculated.


Here is a set of links from lenders that will calculate the penalty based on your specific situation:



First National

Laurentien B2B


National Bank




TD Bank

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