Fall Financials
Posted on 03 October, 2012Love it or hate it, fall represents a return to reality- back to school, back to busy days at work and back to a hectic schedule. Fall is also a great season to take some time to re-evaluate financials. Very few Canadians know that they have the ability to make extra payments towards the principal owing on their mortgage. What’s even more surprising is that of those who know about their pre-payment privileges, so few actually utilize them. Making use of extra payments towards your mortgage can drastically reduce the interest expense, and the amount of time it takes to pay it off. In fact, with some mortgage products you can potentially pay off your entire mortgage in 3 years using the pre-payment privileges offered. To learn more about paying off your mortgage soon, contact our office today!
