With banks offering amortizations up to 35 years, it almost seems impossible to pay off one’s mortgage in 12 years. Yet, my husband and I were able to do so.
Here’s how we did it:
Have you ever wondered how a bank or a lender evaluates you when you apply for a loan or a mortgage?
Having been a lender, I want to share with you some “inside information” and help you improve your chances of getting approved for a loan, if and when you need one.
Most lenders use what they
Many of you ask yourselves if it’s better to pay down your mortgage or use the extra funds to contribute to your retirement fund (RRSP – Registered Retirement Savings Plan)
The simplest answer is: It depends!
It depends on many factors such as:
