http://vancouver-home.info/15/home-loans/mortgage-brokers/ Thu, 03 Dec 2009 15:30:36 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://vancouver-home.info/15/home-loans/mortgage-brokers/comment-page-1/#comment-13 Vancouver realtor Wed, 31 Oct 2007 16:45:07 +0000 http://vancouver-home.info/home-loans/mortgage-brokers/#comment-13 In Canada very little is set up for home owners to get a break, and it usually only happens if the banks see a rise in interest rates early into your longer term mortgage payment option than they were expecting when you signed it. Occasionally the interest rates go up during your 5 year term that will save you a few dollars but in the end the best way to save on your interest is to pay mortgage payments on a weekly basis. Even 2 payments a month will cut your actual interest payments. That way you are putting more on the principle in a shorter period of time. In Canada very little is set up for home owners to get a break, and it usually only happens if the banks see a rise in interest rates early into your longer term mortgage payment option than they were expecting when you signed it. Occasionally the interest rates go up during your 5 year term that will save you a few dollars but in the end the best way to save on your interest is to pay mortgage payments on a weekly basis. Even 2 payments a month will cut your actual interest payments. That way you are putting more on the principle in a shorter period of time.

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