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How can I avoid paying penalties on an advanced payment?

Start by reading your mortgage contract carefully before you sign, and if you have any questions, don’t hesitate to ask your mortgage advisor.

Here are some strategies to help you avoid paying penalties:

  • Take advantage of your prepayment privileges each year.
  • Wait until the end of your term to prepay a part or the full amount of your mortgage.

To learn more, visit our Accelerated Mortgage Repayments page.

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