Payout Partner is a system that provides capital and services used for maximizing prepayment options on residential mortgages, thus reducing the penalty that you pay. POP (Payout Partner) is a new and exciting product available to Canadian consumers.
POP saves you money.
You save money with your insurance broker and your mortgage broker, why not with your payout broker?
POP is your new payout broker.
POP is a revolutionary system that uses your unused pre-payment privilege to save money. POP reduces your penalty by maximizing the pre-payment privilege in your mortgage contract. A penalty is calculated based on your current mortgage balance. POP uses capital that reduces the mortgage balance, prior to the payout of your mortgage, thus lowering your penalty. It doesn’t matter if your are selling your home, or refinancing your mortgage, POP can help.