86% of Canadians truly want to pay off their mortgage as quickly as they can. This will be one of four weekly tips to help you pay down your mortgage sooner and with the least amount of pain to your monthly budget.
#1 – Make bi-weekly payments. By making bi-weekly payments your are essentially making one extra payment per year to your mortgage which basically goes directly to your principal. If you have a 25 year amortized mortgage you will save almost 7 years off your mortgage but the best news is the amount of interest you will pay.
This article brought to you by Kelly Wolfe, AMP.
Mortgage Broker Lendingmax
117-1835 Gordon Drive
Kelowna, BC V1Y 3H5
kwolfe@lendingmax.ca
www.kellywolfemortgages.ca
250-317-9550
It is amazing something so simple , like biweekly payments can make such a big difference Thanks for the article Kelly