Thinking about breaking your fixed-rate mortgage? With interest rates dropping, more homeowners are exploring whether breaking their mortgage early could save them money. But before making a move, it's crucial to understand the costs, risks, and potential savings.
In this episode, I sit down with Matthew Imhoff, a prepayment penalty expert, to break down everything you need to know about Interest Rate Differential (IRD) penalties, timing your mortgage break, and strategies to minimize penalties while maximizing savings.
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DISCLAIMER:
The information in the video is for demonstrative purposes only. It does not take into account the specific objectives, circumstances and individual needs of the viewer. Its purpose is educational and should be relied upon in that regard. The information is believed to be reliable, but its accuracy, completeness and currency cannot be guaranteed. The authors and sources and any other party identified in the video.
Podcast Host: Ron Quaroni
Podcast Editor/Producer: Olga Viakter
