Save Tons of Interest and Pay Off Your Mortgage Faster!

Ever wonder how you can pay off your home faster, save on tons of interest, and barely change your monthly payment amount?! For a quick excercise, Google “Canadian Mortgage Calculator”. Once you find one, enter in all your mortgage details. Upon completion, calculate it with a monthly payment. The output will tell you how long it will take to pay off your mortgage. Now, go back and leave everythign else the same and enter “bi-weekly or weekly Accelerated payments” as your payment type. How much did it knock off in total interest and years of your mortgage?
This is explained simply by the way lenders calculate their interest on your mortgage. By simply cutting your monthly payment into two and declaring it an accelerated payment you will gain the benefits of paying your mortgage down quicker, and keep more of your hard earned money in your jeans versus paying it to interest!
Save tons of interest & pay your mortgage off faster. Call your lender & make your mortgage payments “Bi-Weekly or Weekly Accelerated”

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