Mortgage Prepayment: Shave Years Off Your Loan Picture two identical Canadian households. Both buy homes in the same year, both borrow $400,000 on a 25-year amortization at roughly 5%. The only difference: one household uses its mortgage’s built-in prepayment privileges — a lump sum each year — while the other just makes the regular payments and gets on with life. Fifteen … [Read more...] about Mortgage Prepayment: Shave Years Off Your Loan
Earn, Save, Live Life.
We should be grateful for what we have and grateful for what we don’t have. There is two medals to a story and sometime it is not always what you think is good for you, that you should have it. Earn, Save and live Life.