Nikita Vasiliev

Hi, my mortgage is up for renewal in 5 weeks. Can I refinance now instead?

Yes — you can typically break early and refinance if the savings outweigh the penalty. Do you know your rate and remaining balance?

5.19% fixed, 830K balance, 1.45M home value.

Great, you'd be in a strong LTV position. What's your household income and employment?

Both salaried, combined about $265K.

That puts you very well qualified. Rates today from top lenders sit in the 4.29–4.59% band. Even after a penalty this can save you meaningful money.

What kind of penalty am I looking at?

For a big-bank fixed mortgage with 5 weeks left, you're likely looking at 3 months' interest — probably $8–10K on your balance. A broker will run the exact number.

OK. Let's book. When can I talk to someone?

I have Rachel Ng or Amanda Beauchamp — both do Toronto refinances. Rachel has a slot at 3pm today or 10am tomorrow.

10am tomorrow works.

Booked with Rachel Ng — confirmation sent to nikita.v@icloud.com. She'll call from +14165550113.