Skip fear. Not responsibility.
About MortgageSkip
A mortgage decision tool built on one idea: mortgage decisions should feel understandable before they feel actionable.
Why this exists
Most people sign a mortgage and never look at it again until renewal. That’s understandable. The contracts are dense, penalties are hard to predict, and the whole thing feels like something you’re not supposed to touch.
But a mortgage isn’t static. Rates move, penalties shrink as your term runs down, and a decision that made no sense last year can look different this year. Doing nothing is still a decision — it’s just one nobody ever writes down.
MortgageSkip exists to replace fear-based inertia with something duller and more useful: the actual numbers, with the assumptions visible.
What it does
The first thing it answers is whether breaking your current mortgage is worth exploring. You enter what you borrowed and when, we estimate the penalty and compare breaking against staying, and you get a figure with every assumption shown next to it.
If the answer is no, that’s a real answer. Learning your current mortgage still makes sense is worth knowing, and it’s the outcome for plenty of people who run it. If the answer is “not yet”, we can keep watching the numbers and tell you when they change.
What it deliberately isn’t
MortgageSkip is not a brokerage, not a lender, and not a financial advisor. It doesn’t tell you what to do, and it never produces a binding quote. It models scenarios; you decide what they mean for you.
There are no countdown timers, no “act now”, and no result hidden behind an email form. The calculator runs entirely in your browser — if you close the tab without asking for anything, we hold nothing about you at all.
Who’s behind it
MortgageSkip is a LifeSkip product, run from Ottawa. LifeSkip is the umbrella for calm decision tools around life’s larger commitments — mortgages first, because that’s where the fear and the numbers are furthest apart.
It’s a small operation, which is why the site says what it can and can’t do rather than implying a bigger machine behind it. If something here is wrong or unclear, the fastest way to fix it is to tell us.
Where we operate
Ontario, for now. Mortgage rules, lender practices and penalty conventions vary by province, and we would rather be accurate in one place than roughly right everywhere.