I know brokers who would be happy to 'do the math' and determine whether it makes sense to renegotiate a mortgage. Lender rules regarding penalties vary; the only way to know the payout penalty is by directly contacting the lender for this figure.
Yesterday's Globe and Mail had an interesting article regarding mortgage renegotiations. This is a link to Rob Carrick's article, The Art of Mortgage Renegotiation.
Happy Friday the 13th! Enjoy your looooonnnnnggggg weekend !
All the Best!
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
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