Lump Sum Payments Without Penalties | BestMO Guide

Created/changed by: bmocanada

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4400 Dominion St. Suite 260 Burnaby, BC, Canada

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https://bestmo.ca/mortgage-payment-options/

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Can you prepay without fees? BestMO's Mortgage Guide news explains mortgage payment options in Canada, including lump sum privileges. Best Mortgage Online notes that most lenders allow annual lump-sum payments up to 15% of the original principal without penalties. Extra amounts may incur prepayment charges. Review your mortgage terms carefully before making additional payments.

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