Although anyone can choose to break their mortgage pre-maturity, a lot of homeowners aren’t aware of the penalties that you incur by doing so. It is easy to become so focused on the rate that the terms of the mortgage, which include the expensive penalties, are overlooked.
There are a number of reasons why a homeowner may break a mortgage before the term matures.
Unless you obtained a portable mortgage, moving within the next five years will require you to break your mortgage --...