Article: Pay Your Mortgage Like It’s 2007 – You’ll Save a Pile of Money

October 29, 2012

Mortgage Monday

There’s a fantastic article in the Globe and Mail today by Robert McLister about how much money Canadians could save in the long run if we were paying our mortgages as if interest rates were what they were 5 years ago.  Today’s rates could save $101,700 if projected out over 25 years on a $200,000 mortgage.  Robert takes a look at just how many Canadians are taking advantage of these amazingly low rates, and how much money Canadians could save if they did.  Read the full article here.

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About Tim

Tim is a mortgage agent in Barrie who specializes in helping first-time home buyers. He works with a variety of lenders and can help customize a mortgage with the best rates & options that fit the needs of each customer.

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