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For homeowners · Free · Nothing stored but the terms

What does your mortgage actually say?

Nobody reads the whole thing. Upload your commitment letter, annual statement or standard charge terms and get the five things that matter, each with the page it came from. Especially what it costs to pay it out early.

The file goes to the reader and is discarded. Only the extracted terms (no names, addresses or account numbers) are kept so you can reopen the result.

What a lender would let you carry

The same arithmetic a broker does on the first call: stress-test rate, debt-service ratios, maximum price, and the conditions any approval comes with. No lender names and nobody contacts you; it's the homework before you talk to one.

Questions homeowners ask

Is this advice?

No. It reads your own documents and your lender's published prepayment information and shows you what they say. It does not recommend a lender, a product, or breaking your mortgage. Those conversations belong with a licensed mortgage professional, and the binding penalty figure comes only from your lender's payout statement.

Why does it ask for my lender's current rate?

Fixed-rate penalties are usually the greater of three months' interest or the interest rate differential. The IRD depends on the rate your lender would charge today for the time you have left. Banks use their posted rate (some minus the discount you got), most non-bank lenders use their regular rate. Your annual statement names the comparison rate and where to find it.

My commitment letter doesn't mention penalties.

Most don't; they point to the Standard Charge Terms registered with the mortgage. When that happens the reader says so and falls back to the lender's own published prepayment sheet, with a link, so you can check the wording yourself.

What happens to my document?

It is sent to the reader, read once, and discarded. We keep the extracted terms without names, addresses or account numbers so the result link works, in a Canadian data centre.