Money Saving Tip – Accessing Lower Interest Rates
Not all banks are the same. Work with a mortgage broker who will negotiate the best rate for you.
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Money Saving Tip
Money Saving Tip – Amortization
If you reduce the amortization on your mortgage, you payment will go up but you will save thousands over the life of the mortgage.
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Money Saving Tip – Rounding Up
While it may be difficult to make extra payments in the initial years of home ownership, consider rounding your payment up. You will be surprised at the difference it makes over the life of the mortgage.
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Money Saving Tip – Prepayment
Any extra payments you make, whether monthly or annually, will significantly reduce your interest cost over the life of the mortgage and you will become mortgage free sooner!
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