Mortgage penalties from anywhere between $1,000 – $20,000 or more – which side of the spectrum are you on?

**ARE YOU AWARE** that if you want to break your mortgage and pay it out, switch lenders, take advantage of a lower rate, access equity in your home (refinance) or anything like this and your term is not over, there will be a penalty. With a 5-year term a fixed rate penalty can be anywhere from $1,000- $20,000 or more. Watch this short and easy to understand video on how YOUR potential penalty will be calculated!