1.0Spring Financialhttps://springfinancial.ca/fr/Jessica Steerhttps://springfinancial.ca/fr/blog/author/jessica/rich600338<blockquote class="wp-embedded-content" data-secret="0EecCyNSpQ"><a href="https://springfinancial.ca/fr/blog/homeowner-finances/paying-off-mortgage-at-renewal/">Guide to Paying Off Your Mortgage at Renewal in Canada</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://springfinancial.ca/fr/blog/homeowner-finances/paying-off-mortgage-at-renewal/embed/#?secret=0EecCyNSpQ" width="600" height="338" title="« Guide to Paying Off Your Mortgage at Renewal in Canada » — Spring Financial" data-secret="0EecCyNSpQ" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://springfinancial.ca/wp-includes/js/wp-embed.min.js </script> https://springfinancial.ca/wp-content/uploads/2024/12/Paying-off-your-mortgage-at-renewal.jpg18001008Depending on the type of mortgage that you have, there could be penalties for paying it off early, even if you sell your home. That said, there are times when you can pay off the mortgage or make a lump sum payment with no penalties at all.