Category: Mortgage Tips & Strategy
Prepayment privileges, amortization tricks, and paying your mortgage down faster.
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Mortgage Prepayment Privileges in Canada: Lump Sums Explained
Most closed mortgages come with a prepayment privilege: the right to pay extra toward your principal each year without a penalty. It’s one of the most valuable features in your mortgage contract, and one of the least used. The exact…
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How to Pay Off Your Mortgage Faster by Rounding Up Payments
Rounding your mortgage payment up to the next clean number is one of the simplest ways to pay off your mortgage faster. You pick a slightly higher payment, set it once, and forget about it. Because every extra dollar goes…