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Can I Break My Second Mortgage Before the End of the Term?

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Can I Break My Second Mortgage Before the End of the Term?
Can I Break My Second Mortgage Before the End of the Term? 

 

I was wondering if i can break my second mortgage before the end of the term? Are there any associated penalties? 

 
Thank you. 

Answers

By Canadalend
Hi there and thank you for taking the time to reach out to the Canadalend team with your question.
 
When it comes to second mortgages, yes you can most definitely break your mortgage agreement before the end of the term. 
 

Just expect having to pay pre payment penalties on your loan!

 
I hope this has helped to answer your question.
 
Remember to contact a member of the Canadalend team directly if you need more details about second mortgages, or if you are interested in learning more about the services we have to offer. 
 
 
 
 
 
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