Darcy Chorney

Paying off your mortgage faster can save you thousands of dollars as you will pay less interest than if you took the existing amortization period to pay it off.... Most lenders offer prepayment privileges of anywhere between 10-20% of your original mortgage amount allowing you to pay that much extra above your regular P & I payments. This can usually be done in lump sums or by increasing your payment amount. Check with your Mortgage Broker or Lender for more info. See more

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