Why paying off your mortgage is a smart move
It’s time to pay off your mortgage, writes Peter Watson. For many years historic low interest rates encouraged people to borrow. Those days have passed. Depending on your mortgage details, your interest rate has already increased or likely will soon. Paying off your mortgage is a good idea, especially before you retire. During retirement your […]
Is it time to pay off your mortgage?
The largest single asset owned by most Canadians is their house. Many homeowners have debt against their house in the form of a mortgage. Initially, a home buyer combines a down payment and mortgage to purchase their house. Home equity builds as the mortgage is paid off and the market value appreciates. For many, low […]