Here are two money saving strategies to get you on your way to mortgage freedom:
1. Use a bi-weekly payment schedule - By simply splitting your monthly mortgage payment into two equal bi-weekly payments, you can easily save on interest costs. This is because you end up paying 26 bi-weekly payments or 13 monthly payments within one year rather than 12 monthly payments.
2. Round up your payment - You easily save money and time left on your mortgage by rounding-up your payment amount. Money can be tight in the early years of home-ownership, rounding up your payment is a less aggressive way to save money but still allows you to take full advantage of a flexible mortgage product.
Check out this video series for more information or give me a call to discuss further.