08/20/2026
Even Bigfoot wasn’t ready for the Big Bank prepayment penalty. 🦍📉
Most people think breaking a 5-year fixed mortgage costs "a couple of months of interest." Until the bank uses its inflated posted rates to calculate an Interest Rate Differential that costs more than a used car.
Before you break your term to upgrade to a nicer cave, let’s run the real numbers and find a strategy that saves your equity.
👉 Get transparent mortgage advice:
Call Dallas: 519-495-7250
See what's possible: https://www.newlifemortgages.ca
Dallas Martin, Mortgage Agent Level 2 (FSRA )
The Mortgage Firm (FSRA Brokerage Licence #13466)
204 Oxford St W, London, ON N6H 1S4