Canadian Licensing Info: Alberta Mortgage #MW-0511205,
BC Mortgage #X028169, FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
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The Mortgage Group®

Want to Cut Years off your Mortgage?

Cut years off your mortgage Magnifying glass

Asking a home owner if they want to cut years off their mortgage seems a superfluous question, but in reality many Canadians are not taking the simple step that would facilitate just that. The majority of Canadians accept the standard mortgage terms and make their monthly payments over 25 years. Most banks and lenders would prefer home buyers continue to pay their mortgage this way, as it means more interest revenue for them, but you can deviate from this norm and change your payment frequency to save money over the life of your loan.

Mortgage payments can be made as often as every two weeks or even weekly. By increasing your payment frequency, you can potentially save thousands of dollars and cut years off of your amortization schedule. Many banks and lenders offer accelerated payment schedules, but it is up to you to ask for more information. Our qualified professional mortgage brokers can answer any questions that you might have about increasing your payment frequency. Our brokers will also inform you of this option when helping you find the best mortgage option to suit your individual needs.

How does increasing my payment frequency actually cut years off my mortgage?

When you borrow money you are charged interest, or even a yearly charge, for the service. The interest is added to the original loan amount, or principal, and over time that interest accumulates. By increasing your payment frequency, you are paying off more of the original loan amount and incur less interest over time. This saves you money.

See the difference that increasing your payment frequency can make for yourself by utilizing our mortgage calculator to view various payment scenarios. Super Brokers is here to put your increased payment plan into action.

The Greatest Mortgage Calculator
Rejoice! For the greatest mortgage calculator is finally here! Experiment with different mortgage rates, terms, amortizations and payment schedules or compare two different mortgages with automatically generated charts and graphs.
Greatest Mortgage Calculator
 
Mortgage Brokers
Our brokers work hard so that you don't have to. They regularly communicate with Canadian mortgage lenders and banks to find you the lowest rates, doing everything within their power to make sure that you can buy the home of your dreams. You might even say that our brokers are ultra, super and fantastic — all at the same time! Well, you might.
Ultra Super Fantastic Mortgage Brokers
 
Debt Consolidation
You can use the valuable equity locked in your home to eliminate all of your high interest debts, including credit card debt. By consolidating your debt into a single, low interest-rate mortgage you can save yourself thousands of dollars in interest.
Refinance / Debt Consolidation Inquiry